Question: Under a flexible exchange rate system, a decrease in the value of a domestic currency in terms of foreign currencies is referred to as 1.

Under a flexible exchange rate system, a decrease in the value

Under a flexible exchange rate system, a decrease in the value of a domestic currency in terms of foreign currencies is referred to as 1. an appreciation. 2. a depreciation. 3. a devaluation. 4. a revaluation

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