If the exchange rate between the Japanese yen and the dollar was ¥110 = $1 in 2006 and ¥120 = $1 in 2009,then between 2006 and 2009:
A) the yen appreciated against the dollar.
B) the yen depreciated against the dollar.
C) both the yen and the dollar appreciated.
D) both the yen and the dollar depreciated.
Correct Answer:
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