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Home > Economics > Question

What is Appreciation of Currency:

0
A) Increase in value of domestic currency against foreign currency
B) Increase in inflation rate
C) Decrease in export prices
D) Decrease in value of domestic currency

Correct Answer: A) Increase in value of domestic currency against foreign currency

• Currency appreciation is strictly defined as the Increase in value of domestic currency against foreign currency. • When a country's currency appreciates heavily, importing foreign goods structurally becomes Cheaper. • Conversely, a heavily appreciated currency makes a country's domestic exports significantly More expensive for foreigners. • A deliberate downward adjustment of a currency's value by a government is officially called Devaluation. • Market-driven downward adjustment of a floating currency is scientifically called Depreciation.

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