Multiple Choice
When the nominal exchange rate in terms of dollars per yen rises
A) the dollar buys more yen and the dollar has depreciated.
B) the dollar buys fewer yen and the dollar has depreciated.
C) the dollar buys more yen and the dollar has appreciated.
D) the dollar buys fewer yen and the dollar has appreciated.
Correct Answer:
Verified
Correct Answer:
Verified
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