Question

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.

Answer 1

When the value of a currency falls, the currency depreciates, hence one unit of that currency will buy fewer units of other currencies.

What is meant by the term currency?

Simply put, a currency can be defined as an acceptable document for the exchange of goods and services.

In summary, a currency is a money, that is coins, paper notes, or polymer notes.

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