Asked by Staranna Taylor on Jun 20, 2024
Verified
When a currency depreciates relative to other currencies as a result of government action,it has been _________.
Currency Depreciates
A decrease in the value of a country's currency with respect to one or more foreign benchmark currencies, typically in a floating exchange rate system.
Government Action
Measures and initiatives undertaken by a governmental body to influence the economy, societal issues, or the implementation of public policies.
- Identify the effects of currency appreciation and depreciation.
Verified Answer
SJ
Learning Objectives
- Identify the effects of currency appreciation and depreciation.