Multiple Choice
If the exchange rate between the yen and the dollar changed from 110 yen = $1 to 100 yen = $1, then
A) the dollar depreciated
B) U.S. goods will become more expensive to the Japanese
C) the dollar appreciated
D) Japanese goods will become less expensive to U.S. citizens
E) the demand for dollars will decrease
Correct Answer:
Verified
Correct Answer:
Verified
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