Which one of the following statements is the most accurate?

A.Appreciation is a rise in E when the exchange rate floats, and revaluation is a fall in E when the exchange rate is

B.Appreciation is a fall in E when the exchange rate floats, and revaluation is a fall in E when the exchange rate is

C.Appreciation is a fall in E when the exchange rate is fixed, and revaluation is a fall in E when the exchange rate is

D.Appreciation is a fall in E when the exchange rate floats, and revaluation is a rise in E when the exchange rate is

E.None of the

Answer: B

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