BUS 313 Week 2

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  1. Exchange Rates
    • Unit of foreign currency per unit of domestic currency
    • allow us to determine cost or price of good in a common currency
  2. Depreciation
    Decrease in value of a currency relative to another
  3. Appreciation
    Increase in value of a currency relative to another
  4. When depreciation occurs
    domestic goods and services are cheaper for foreigners
  5. When Appreciation occurs
    domestic goods and services are more expensive for foreigners
  6. What happens to a currency when demand increases?
    It appreciates
  7. What happens to a currency when supply increases
    it depreciates

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Author:
jo73
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331855
Filename:
BUS 313 Week 2
Updated:
2017-05-30 21:08:41
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