Suppose That the Yen-Dollar Foreign Exchange Rate Changes from 130

question 472

Multiple Choice

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

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Definitions:

Recover

The process of obtaining something lost or owed, such as regaining health or retrieving financial compensation through legal means.

Gun

A weapon that discharges projectiles such as bullets or shells through a barrel by the force of an explosive or other form of propulsion.

Contract

A legally binding agreement between two or more parties with mutual obligations.

Void

Describes a contract or legal agreement that lacks validity and enforceability from the outset.