Multiple Choice
If the initial exchange rate is 120 yen per dollar and then falls to 110 yen per dollar, we would say that the dollar has:
A) appreciated against the dollar.
B) depreciated against the dollar.
C) appreciated against the yen.
D) depreciated against the yen.
E) the yen is cheaper.
Correct Answer:
Verified
Correct Answer:
Verified
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