What is currency depreciation?

Question

Accepted Answer

A decrease in the amount of foreign currency that can be bought with a unit of domestic currency.

Answer

Lowering the metal content in coins, such as the replacement of silver with copper in quarters.

Answer

A decrease in the goods and services that a currency can purchase within its own country.

Answer

A decrease in the amount of domestic currency that must be exchanged for a unit of foreign exchange.

Answer

A decrease in the amount of domestic goods a unit of foreign currency can purchase.

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