Multiple Choice
If the exchange rate value of one U.S. dollar changes from 120 Japanese yen to 140 yen,
A) the U.S. dollar has appreciated relative to the yen.
B) the Japanese yen has depreciated relative to the dollar.
C) the U.S. dollar has depreciated relative to the yen.
D) both a and b have occurred.
Correct Answer:
Verified
Correct Answer:
Verified
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