In both a floating exchange rate system and a fixed exchange rate system, exchange rates may rise or fall, but the terms used are not the same in each case. What is the correct terminology?
- Afloating decrease: depreciation; fixed increase: appreciation
- Bfloating decrease: depreciation; fixed increase: revaluation
- Cfloating decrease: devaluation; fixed increase: appreciation
- Dfloating decrease: devaluation; fixed increase: revaluation