For _________ currencies, changes in the value of foreign exchange rates are called _________.
A. floating; appreciation
B. floating; revaluation or devaluation
C. fixed; revaluation or devaluation
D. fixed; appreciation or depreciation
Answer:C
For _________ currencies, changes in the value of foreign exchange rates are called _________.
A. floating; appreciation B. floating; revaluation or devaluation C. fixed; revaluation or devaluation D. fixed; appreciation or depreciation