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With AM, the frequency
of the carrier is fixed
and the modulating
signal controls carrier
amplitude.
With FM, the amplitude
of the carrier is kept
constant and its
frequency varied by the
modulating signal.
This variation in
carrier frequency is
called DEVIATION.
The amount that the
carrier deviates in
frequency is
proportional to the
loudness of the Audio
modulating signal.
If you shout into the
microphone, it deviates
more than if you
whisper.
Deviation is expressed
in kHz per Volt. The BBC
uses 15 kHz/Volt.
The maximum deviation
allowed by the BBC is
plus and minus 75 kHz
from the carrier
frequency.
How often the carrier
deviates is determined
by the frequency of the
modulating audio.
If you whistle it
deviates more frequently
than if you hum into the
microphone.
Since FM signals occupy
a wide bandwidth there
is no room for them on
LW or MW.
They use the FM band of
88-108 MHz where there
is plenty of band space
available.
Advantages of FM are
higher quality and low
noise.

The diagram shows how
the carrier varies in
frequency as the
modulating signal
changes in amplitude.
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