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You Have Obtained the Following Spot Rates From the Above Information, the U

Question 17

Multiple Choice

You have obtained the following spot rates:  Spot rate per U.S.$  June 2010 June 2011 Japanese yen 12080 Mexican peso 9.2511.75\begin{array}{|l|l|l|}\hline \text { Spot rate per U.S.\$ } & \text { June } \mathbf{2 0 1 0} & \text { June } \mathbf{2 0 1 1} \\\hline \text { Japanese yen } & 120 & 80 \\\hline \text { Mexican peso } & 9.25 & 11.75 \\\hline\end{array} From the above information, the U.S. dollar has ________ against the Japanese yen and it has ______ against the Mexican peso.


A) appreciated; appreciated
B) appreciates; depreciated
C) depreciated; appreciated
D) depreciated; depreciated

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