3.3: Exchange Rates

0.0(0)
studied byStudied by 0 people
0.0(0)
full-widthCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/5

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

6 Terms

1
New cards

Exchange Rates

Price of one currency relative to another currency

2
New cards

Currency Relationship

(inverse)

3
New cards

Depreciation

The loss of value of a country's currency with respect to a foreign currency.

4
New cards

Appreciation

The increase of value of a country's currency with respect to a foreign currency.

5
New cards

Demand for Dollars-

There is an inverse relationship between the exchange rate (price) and quantity demanded


6
New cards

Supply of Dollars-

There is a direct relationship between the exchange rate (price) and quantity supplied