BUS 313 Week 2
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- Unit of foreign currency per unit of domestic currency
- allow us to determine cost or price of good in a common currency
Decrease in value of a currency relative to another
Increase in value of a currency relative to another
When depreciation occurs
domestic goods and services are cheaper for foreigners
When Appreciation occurs
domestic goods and services are more expensive for foreigners
What happens to a currency when demand increases?
What happens to a currency when supply increases
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