If the Japanese yen was 123 per dollar and now is 114 yen per dollar, it can be said that
A) the yen has depreciated against the dollar.
B) the dollar has appreciated against the yen.
C) the yen appreciated against the dollar.
D) None of the above answers is correct.
Correct Answer:
Verified
Q20: The exchange rate is the
A) price for
Q21: By definition, currency appreciation occurs when
A) the
Q22: If the pound- dollar exchange rate changes
Q23: Last year the exchange rate between U.S.
Q24: If the value of a dollar rises
Q26: If the U.S. dollar appreciates, then
A) foreign
Q27: If the exchange rate falls from 120
Q28: When the U.S. dollar depreciates against the
Q29: When the value of the U.S. dollar
Q30: When the U.S. dollar depreciates against the
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