CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

NDP and NNP

Very Short An...

Question

Very Short Answer Type Questions
What is meant by depreciation of domestic currency?

Open in App

Solution

Currency depreciation refers to decrease in the value of domestic currency in terms of foreign currency.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Short Answer Type Questions:
Distinguish between devaluation and depreciation of domestic currency.

Q. What is meant by depreciation of domestic currency?

Q. Very Short Answer Type Questions
What is meant by foreign exchange rate?

Q. Short Answer Type Questions:
Explain how 'Depreciation of currency' promotes exports of a country?

Q. Short Answer Type Questions:
Briefly discuss the concepts of currency appreciation and currency depreciation.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

NDP and NNP

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon