Under an international regime of floating exchange rates, countries with an overall BOP ________ will have a (an) ________ currency while countries with an overall BOP ____________ will have a (an) ___________ currency.

a. deficit, appreciating; surplus, appreciating

b. deficit, depreciating; surplus, depreciating

c. surplus, depreciating; deficit, appreciating

d. surplus, appreciating; deficit, depreciating