A Decrease in the Value of a Currency in Terms

question 128

Multiple Choice

A decrease in the value of a currency in terms of other currencies is known as

• A) an appreciation.
• B) a depreciation.
• C) a par value.
• D) a gold point.

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Definitions:

Sunk Cost

Costs that have already been incurred and cannot be recovered.

Economic Perspective

A viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions.

Third Industrial Revolution

The digital revolution that began in the late 20th century, marked by the spread of information and communication technology.

Additive Manufacturing

A process of creating objects by adding material layer by layer, commonly known as 3D printing.