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From January 1989 to January 1991,the Yen/dollar Exchange Rate Rose

Question 8

Multiple Choice

From January 1989 to January 1991,the yen/dollar exchange rate rose from 111 yen/dollar to 115 yen/dollar,while the dollar/pound exchange rate rose from 2.09 dollars/pound to 2.24 dollars/pound.As a result


A) the dollar appreciated relative to the yen,but depreciated relative to the pound.
B) the dollar depreciated relative to the yen,but appreciated relative to the pound.
C) the dollar appreciated relative to both the yen and the pound.
D) the dollar depreciated relative to both the yen and the pound.

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