JAMB - Economics (2023 - No. 27)
A ............ in the price of the domestic currency in terms of a foreign currency is referred to as .............
Decrease, appreciation
Increase, de-appreciation
Decrease, depreciation
Increase, consolidation
توضیح
Currency depreciation is a fall in the value of a currency in a floating exchange rate system. Therefore, a decrease in the price of the domestic currency in terms of a foreign currency is referred to as depreciation.