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If the Dollar Appreciates Relative to the Yen, Which of the Following

Question 3

Multiple Choice

If the dollar appreciates relative to the yen, which of the following is true?


A) the dollar's purchasing power in terms of yen has increased
B) the dollar's purchasing power in terms of yen has decreased
C) a dollar previously worth 100 yen, would now be worth less than 100 yen
D) Both b and c are correct.

Correct Answer:

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