Select the correct answer from each drop-down menu. when the value of a country’s currency falls, the currency is , so one unit

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harina [27]

2 years ago

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Select the correct answer from each drop-down menu. when the value of a country’s currency falls, the currency is , so one unit

of that currency can buy units of other currency.

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1 answer:

anyanavicka [17] · Answer 1 · 2023-06-26T03:30:49+03:00

When the value of a country’s currency falls, the currency is depreciating, so one unit of that currency can buy fewer units of other currency.

<h3>What is effect of a currency depreciation?</h3>

When there is a depreciation of a country's currency, its makes its export goods cheaper for foreigners and domestic residents find that foreign imports are more expensive.

Therefore, the correct dropdown includes depreciating & fewer.

Read more about currency depreciation

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