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Based on your understanding of the international monetary system, complete the following statements: A spot exchange rate is the quoted price for a unit of foreign currency to be delivered at a specified date in the future. The government does not set a floating exchange rate, which means that supply and demand in the market determine the currency's value. When American customers import more from Europe than they export to Europe, the euro appreciates relative to the dollar. The devaluation or revaluation of a currency refers to a decrease or increase, respectively, in the foreign exchange value of a floating currency. Under a managed floating regime, supply and demand for the currency determine the exchange rate. Currencies under such a regime are called currencies. A occurs when a country locks its currency to a specific currency or basket of currencies at a fixed exchange rate