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In Economics, Which Term Means The Decline Of A Currency's Value In Relation To Other Currencies?

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In Economics, Which Term Means The Decline Of A Currency’s Value In Relation To Other Currencies?

Question:
In Economics, Which Term Means The Decline Of A Currency's Value In Relation To Other Currencies?
a)
Monetarism
b)
Recession
c)
Inflation
d)
Depreciation

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Correct Answer
Depreciation

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