If the yen is appreciating relative to the British pound, then the
A) pound is appreciating relative to the yen.
B) pound can be either appreciating or depreciating relative to the yen.
C) yen is worth less relative to the pound.
D) pound is depreciating relative to the yen.

Question

Quizplus · Accepted Answer

If the yen is appreciating relative to the British pound, it means that it now takes fewer yen to buy a pound. This implies that the pound is now worth fewer yen, or in other words, the pound is depreciating relative to the yen.

If the Yen Is Appreciating Relative to the British Pound