Economics GCSE
Depreciation
What Depreciation means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Depreciation
A decrease in the value of a currency in a floating exchange rate system.
Topics that use Depreciation
- Exchange rates (Pearson Edexcel GCSE)
Related terms
Using Depreciation in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics GCSE terms7 days Premium · Then free forever · No card, no charge