Currency depreciation
Currency depreciation is a phenomenon that occurs when a particular currency is worth less than it previously was.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Currency depreciation. Occurs when a particular currency is worth less than it previously was.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
