Under the managed float system of exchange rates, a fall in the market price of a currency is called:
A. Devaluation.
B. Depreciation.
C. Appreciation.
D. Both (a) and (b).
Answer:B
Under the managed float system of exchange rates, a fall in the market price of a currency is called:
A. Devaluation. B. Depreciation. C. Appreciation. D. Both (a) and (b).