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Question: Which term should be used - depreciation or devaluation - in referring to a falling exchange rate value when there are fully floating rates? Which term should be used - depreciation or devaluation - in referring to a falling exchange rate value when a currency's value is determined by a managed float? Which term should be used - appreciation or revaluation - in referring to rising exchange rate value when there is a fixed exchange rate?

Microeconomics, Economics

  • Category:- Microeconomics
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