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Nominal Currency Application

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PPGPortal > Home > Concept Dictionary > N, O > Nominal Currency Application
 

Nominal Currency Appreciation

An increase in the value of a particular currency as measured by the amount of foreign currency it can buy.

(Mankiw, N. Gregory, Ronald Kneebone, Kenneth J. McKenzie and Nicholas Rowe. 2008. Principles of Macroeconomics, 4th Canadian ed. Toronto: Thomson Nelson.)

 

     

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