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Suppose One Canadian Dollar Would Buy 262 Yen in 2005

Question 39

Multiple Choice

Suppose one Canadian dollar would buy 262 yen in 2005.However, it would buy only 123 yen in 2012.Relative to the yen, the value of the dollar:


A) increased by about 25 percent.
B) decreased by about 50 percent.
C) decreased by about 75 percent.
D) decreased by about 100 percent.

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