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Suppose the Exchange Rate Between the United States and Japan

Question 271

Multiple Choice

Suppose the exchange rate between the United States and Japan changed from $1 =150 yen to $1 = 140 Yen, which of the following statements is true?

A) the dollar depreciated
B) the yen depreciated
C) the price of yen in dollars decreased
D) the price of dollars in yen increased

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