Devaluation / depreciation
HL onlyDevaluation is also only possible under a fixed exchange rate system, whereas a fall in the value of a floating currency is described as depreciation.
Where this appears
The syllabus topics that use this term.
Devaluation is also only possible under a fixed exchange rate system, whereas a fall in the value of a floating currency is described as depreciation.
The syllabus topics that use this term.