In 2007, a dollar could be traded for 100 yen and in 2008 a dollar could be traded for 90 yen.Between these two years, the dollar has become ________ valuable and so the dollar has ________.

Question

Quizplus · Accepted Answer

Between 2007 and 2008, the value of the dollar decreased against the yen because it went from being able to trade for 100 yen to only trading for 90 yen. This means that the dollar is now worth less in relation to the yen and has depreciated in value against the yen. Therefore, the correct answer is B - less; depreciated against the yen.

In 2007, a Dollar Could Be Traded for 100 Yen