If the Yen to Dollar Exchange Rate Moves from 105

question 146

Multiple Choice

If the yen to dollar exchange rate moves from 105 to 115 yen per dollar, then the dollar has ________ and the yen has ________.

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

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Definitions:

Common Carrier

A carrier that is licensed to provide transportation services to the public.

Strictly Liable

Being legally responsible for damages or loss, irrespective of fault or intent.

Bailment

The transfer of possession of property from one person to another under agreement that the property will be returned or otherwise disposed of according to the terms of the agreement.

Fixture

An item of property that is attached to a building or land in such a way that it is considered legally part of the property.