Foreign Currency Depreciation

Question

If a foreign currency decreases in value relative to the U.S. dollar, it can be concluded that

Accepted Answer

the foreign currency has depreciated relative to the U.S. dollar.

Answer

the U.S. Congress has enacted a new fiscal policy.

Answer

the Federal Reserve has changed the reserve requirement for U.S. banks.

Answer

the foreign currency has appreciated relative to the U.S. dollar.

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