Suppose That the Yen-Dollar Exchange Rate Changes from 85 Yen

question 80

Multiple Choice

Suppose that the yen-dollar exchange rate changes from 85 yen per dollar to 80 yen per dollar.One can say that the

• A) yen has appreciated against the dollar, and the dollar has depreciated against the yen.
• B) yen has depreciated against the dollar, and the dollar has appreciated against the yen.
• C) yen has appreciated against the dollar, and the dollar has appreciated against the yen.
• D) yen has depreciated against the dollar, and the dollar has depreciated against the yen.

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