exchange rates Flashcards
(3 cards)
1
Q
exchange rate
A
the price of one currency in terms of another
2
Q
appreciation
A
a rise in the value of a currency
3
Q
depreciation
A
a fall in value of a currency
exchange rate
the price of one currency in terms of another
appreciation
a rise in the value of a currency
depreciation
a fall in value of a currency