In one year the dollar would buy 262 Japanese yen,but 10 years later,it would buy only 123 yen.Relative to the yen,the value of the dollar:
A) increased by about 25 percent.
B) decreased by about 53 percent.
C) decreased by about 75 percent.
D) decreased by about 79 percent.
Percentage change = (123 - 262) /262 = -0.53 * 100 = -53 percent.
Correct Answer:
Verified
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