Question

question 59 (1 point)
listen
if the foreign currency value of ones own currency is depreciating, that means:
one needs less of ones currency to buy foreign currency
one needs more of ones currency to buy foreign currency
ones country is exporting more than it is importing
ones country is importing more than it is exporting
none of the above

Explanation:

Currency depreciation means the value of a currency is falling relative to another currency. When one's own currency depreciates, its purchasing power for foreign currency decreases. So, more units of the depreciating currency are needed to buy the same amount of foreign currency.

Answer:

One needs more of one's currency to buy foreign currency