Exhibit 34-5
U.S. $ Equivalent Foreign Currency per U.S. $

-Refer to Exhibit 34-5. Based on the information provided in this table, between Monday and Tuesday, the U.S. dollar ____________ against the Japanese yen and the yen _____________ against the U.S. dollar.

Question

Exhibit 34-5
U.S. $ Equivalent Foreign Currency per U.S. $
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-Refer to Exhibit 34-5. Based on the information provided in this table, between Monday and Tuesday, the U.S. dollar ____________ against the Japanese yen and the yen _____________ against the U.S. dollar.

Quizplus · Accepted Answer

The U.S. dollar depreciated against the Japanese yen if the amount of yen that can be bought with one dollar decreased from Monday to Tuesday, indicating the dollar's value fell relative to the yen. Conversely, the yen appreciated against the U.S. dollar if it now takes fewer yen to buy one dollar, showing an increase in the yen's value relative to the dollar.

Exhibit 34-5 U.S. $ Equivalent Foreign Currency Per U.S