Multiple Choice
If on Tuesday you can buy 125 yen per U.S. dollar and on Wednesday you can buy 120 yen per U.S. dollar,
A) both the U.S. dollar and the yen have appreciated.
B) both the U.S. dollar and the yen have depreciated.
C) the U.S. dollar has appreciated and the yen has depreciated.
D) the U.S. dollar has depreciated and the yen has appreciated.
Correct Answer:
Verified
Correct Answer:
Verified
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