If the number of dollars per yen rises, this is called a(n):
A) appreciation of the dollar.
B) appreciation of the yen.
C) increase in the terms of trade.
D) decrease in the terms of trade.

Question

Quizplus · Accepted Answer

When the number of dollars needed to buy a yen increases, it means the yen has become more valuable relative to the dollar. This is referred to as an appreciation of the yen.

If the Number of Dollars Per Yen Rises, This Is