True/False
If the U.S.dollar price of one Japanese yen was $0.009 in 1997 and $0.011 in 2001, then the reciprocal exchange rate adjusted from $1 = ¥111.1 in 1997 to $1 = ¥90.9 in 2001.This implies that over this time period, the U.S.dollar experienced a depreciation relative to the Japanese yen.
Correct Answer:
Verified
Correct Answer:
Verified
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