A rise or fall in exchange rates may happen in both a floating exchange rate system and a fixed exchange rate system, but the terminology used differs in each case. What is the correct terminology?
- Adecrease in floating: depreciation; increase in fixed: appreciation
- Bdecrease in floating: depreciation; increase in fixed: revaluation
- Cdecrease in floating: devaluation; increase in fixed: appreciation
- Ddecrease in floating: devaluation; increase in fixed: revaluation