Pinkiepie1702 Pinkiepie1702

17-05-2022
Physics

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2. What is the difference between a depreciation of the dollar and a devaluation of the dollar?

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hasja2272 hasja2272

17-05-2022

Answer:

A devaluation occurs when a country makes a decision to lower its exchange rate in a fixed or semi-fixed exchange rate. A depreciation is when there is a fall in the value of a currency in a floating exchange rate.

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