The exchange rate between the U.S.dollar and the Japanese Yen is $.008072/¥.If the exchange rate changes to $0.0080069/¥ then you could say
A) the U.S. dollar is appreciating against the Japanese Yen and the Japanese Yen is depreciating against the U.S. dollar.
B) the U.S. dollar is depreciating against the Japanese Yen and the Japanese Yen is appreciating against the U.S. dollar.
C) the U.S. dollar is depreciating.
D) nothing, because the exchange rates can not be compared to one another.
Correct Answer:
Verified
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