If yesterday the dollar traded for 100 Japanese yen and today 101 yen for the dollar,we would say
A)that the dollar rose in value relative to the yen.
B)that the yen fell in value relative to the dollar.
C)both of the choices.

Question

Quizplus · Accepted Answer

Both statements are correct because if today you need more yen to buy the same dollar, it means the dollar has become more valuable relative to the yen, and conversely, the yen has become less valuable relative to the dollar.

If Yesterday the Dollar Traded for 100 Japanese Yen and Today