Suppose the Dollar-Yen Foreign Exchange Rate Changes from 140 Yen

question 68

Multiple Choice

Suppose the dollar-yen foreign exchange rate changes from 140 yen per dollar to 130 yen per dollar. Then the yen has

• A)depreciated against the dollar, and the dollar has appreciated against the yen.
• B)depreciated against the dollar, and the dollar has depreciated against the yen.
• C)appreciated against the dollar, and the dollar has appreciated against the yen.
• D)appreciated against the dollar, and the dollar has depreciated against the yen.
• E)neither appreciated nor depreciated, but the dollar has depreciated against the yen.

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Definitions:

Duty of Notification

The obligation to inform or update relevant parties about important information or changes.

Constructive Information

Constructive information refers to knowledge that one is presumed by law to have, often because it is a matter of public record or because one should have discovered it by due diligence.

Specific Performance

A legal remedy requiring a party to perform their part of a contract, rather than paying damages for not fulfilling the contract.

Computer Program

A computer program is a set of instructions that a computer follows to perform specific tasks or operations, written in a programming language.