Multiple Choice
In June 2008, $1 bought 104 yen and in October, $1 bought 93 yen. This change means
A) there was an increase in the value in the dollar, relative to the yen.
B) there will be a movement down along the demand curve for dollars.
C) U.S. exports became more expensive for Japanese buyers.
D) the dollar appreciated relative to the yen.
Correct Answer:
Verified
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