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AS Economics > Ch. 4pt2 > Flashcards

Ch. 4pt2 Flashcards

1
Q

Exchange Rate

A

price of one currency in terms of

another currency

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2
Q

Appreciation

A

Rise in the value of the currency

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3
Q

Depreciation

A

Fall in the value of the currency

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4
Q

Nominal exchange rate

A

price of one currency in terms of another

currency; value of one currency against another currency

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5
Q

Trade weighted exchange rate

A

effective value of an exchange rate against a

basket of currencies

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AS Economics (2 decks)

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