The nice thing about foreign exchange markets is that the goods are money, and they are paid for with money. This means that if the U.S. dollar ____ the Japanese yen ____.

Name: The nice thing about foreign exchange markets is that the goods are money, and they are paid for with money. This means that if the U.S. dollar ____ the Japanese yen ____.
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Question

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If the U.S. dollar buys more yen, it means the dollar has appreciated relative to the yen, so it buys fewer dollars because the yen has depreciated.

The Nice Thing About Foreign Exchange Markets Is That the Goods