When the value of one currency falls relative to another currency, the exchange rate for the first currency has
A) depreciated.
B) appreciated.
C) demanded.
D) revalued.

Name: When the value of one currency falls relative to another currency, the exchange rate for the first currency has A) depreciated. B) appreciated. C) demanded. D) revalued.
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Question

Quizplus · Accepted Answer

When the value of one currency falls relative to another, it is said to have depreciated. This means it now buys less of the foreign currency than before.

When the Value of One Currency Falls Relative to Another