Which one of the following statements is the most accurate?

A.Depreciation is a rise in E when the exchange rate is fixed, and devaluation is a rise in E when the exchange rate

B.Depreciation is a decrease in E when the exchange rate floats, and devaluation is a rise in E when the exchange rate is

C.Depreciation is a rise in E when the exchange rate floats, and devaluation is a rise in E when the exchange rate is

D.Depreciation is a rise in E when the exchange rate floats, and devaluation is a decrease in E when the exchange rate is

E.None of the

Answer: C

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