An increase or decrease in exchange rates can take place in both a floating and a fixed exchange rate system but different terminology is used for each system. What is the correct terminology?
A.
B.
C.
D.
Exam No：9708_w24_qp_32 Year：2024 Question No：27
Answer:
B
Knowledge points:
11.2.1.1 distinction between nominal and real exchange rates
11.2.1.2 trade-weighted exchange rates
11.2.3 distinction between revaluation and devaluation of a fixed exchange rate
Solution:
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