Depreciation
What Depreciation means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Depreciation
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Reference: Pearson Edexcel
A fall in a currency's value so that it buys less foreign currency, caused for example by high relative inflation making exports less competitive.
A fall in the value of one currency against another, meaning one pound buys fewer dollars.
Topics that use Depreciation
- Exchange rates (Pearson Edexcel A-Level)
Related terms
- Appreciation
- Effective exchange rate
- Hot money flows
- Index numbers
- International competitiveness
- Macroeconomic performance
- Exchange rate
Using Depreciation in the exam
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