Problem
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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.