(Table: Exchange Rates Across Currencies) If the exchange rate on January 1, 2016, is $1 = 144 yen, then:
A) the dollar has appreciated 10% against the yen.
B) the dollar has depreciated 24% against the yen.
C) the yen has depreciated 12% against the dollar.
D) the yen has depreciated 20% against the dollar.

Question

(Table: Exchange Rates Across Currencies) If the exchange rate on January 1, 2016, is $1 = 144 yen, then: 
A) the dollar has appreciated 10% against the yen. 
B) the dollar has depreciated 24% against the yen. 
C) the yen has depreciated 12% against the dollar. 
D) the yen has depreciated 20% against the dollar.

Quizplus · Accepted Answer

The Answer of (Table: Exchange Rates Across Currencies) If the exchange rate on January 1, 2016, is $1 = 144 yen, then: 
A) the dollar has appreciated 10% against the yen. 
B) the dollar has depreciated 24% against the yen. 
C) the yen has depreciated 12% against the dollar. 
D) the yen has depreciated 20% against the dollar.

(Table: Exchange Rates Across Currencies) If the Exchange Rate on January