If the exchange rate between the yen and the dollar changes from 110 yen = $1 to 100 yen = $1, then:
A) the dollar has depreciated in value.
B) U.S.-made goods will become more expensive to Japanese citizens.
C) the dollar has appreciated in value.
D) Japanese-made goods will become less expensive to U.S. citizens.
E) there will be a decrease in the demand for dollars in the foreign exchange market.
Correct Answer:
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