Economics · Currency Depreciation
What does the depreciation of a country's currency mean?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both domestic and foreign currencies becoming cheaper
- 2Domestic currency becoming cheaper relative to foreign currency✓
- 3Foreign currency becoming cheaper
- 4Domestic currency becoming more expensive
Correct answer
Domestic currency becoming cheaper relative to foreign currency
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