Which of the following examples definitely illustrates an appreciation of the U.S. dollar?

Question

Quizplus · Accepted Answer

In option C, the dollar is initially exchanged for fewer yen, but when exchanged again, it is worth more yen. This indicates an appreciation of the U.S. dollar. Options A and B both involve exchange rates where the dollar is exchanged for fewer euros/pounds than initially exchanged for, indicating a depreciation of the U.S. dollar.

Which of the Following Examples Definitely Illustrates an Appreciation of the U.S