Relative to the Yen, from 2012-2015 the U

Multiple Choice

Relative to the yen, from 2012-2015 the U.S. dollar

A) depreciated due to an anticipated decrease in the interest rate differential and expectations of a lower future exchange rate.
B) appreciated due to an anticipated decrease in the interest rate differential and expectations of a lower future exchange rate.
C) depreciated due to an anticipated increase in the interest rate differential and expectations of a higher future exchange rate.
D) appreciated due to an anticipated increase in the interest rate differential and expectations of a higher future exchange rate.