Under a fixed exchange rate system a fall in the market price (the exchange rate value) of a currency is called a(n) __________ of that currency.
A. Revaluation
B. Devaluation
C. Appreciation
D. Depreciation
Answer:B
Under a fixed exchange rate system a fall in the market price (the exchange rate value) of a currency is called a(n) __________ of that currency.
A. Revaluation B. Devaluation C. Appreciation D. Depreciation