-The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Canadian dollar ________ against the U.S. dollar and the Japanese yen ________ against the U.S. dollar
A) depreciated; depreciated
B) appreciated; appreciated
C) appreciated; depreciated
D) depreciated; appreciated

Question

-The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Canadian dollar ________ against the U.S. dollar and the Japanese yen ________ against the U.S. dollar
A) depreciated; depreciated 
B) appreciated; appreciated 
C) appreciated; depreciated 
D) depreciated; appreciated

Quizplus · Accepted Answer

If the Canadian dollar depreciated against the U.S. dollar, it means it became less valuable compared to the U.S. dollar. Similarly, if the Japanese yen also depreciated against the U.S. dollar, it too became less valuable compared to the U.S. dollar. Without the specific exchange rate values provided in the question, the general understanding is that depreciation means losing value against another currency.

-The Table Above Shows the Exchange Rates Between Various Currencies