When exchange rate rises due to managed floating,it is called a) appreciation b) depreciation c) devaluation d) Revaluation. Choose the correct answer and give reason

DEAR STUDENT,


​​​​​​ When exchange rate rises due to managed floating,it is called DEVALUATION  of domestic currency.
 
Devaluation is the deliberate downward adjustment of the value of a country's currency in relation to foreign currency.


REGARDS