In June 2008, $1 Bought 104 Yen and in October

question 18

Multiple Choice

In June 2008, $1 bought 104 yen and in October, $1 bought 93 yen. This change means

• A) U.S. exports became more expensive for Japanese buyers.
• B) there will be a movement down along the demand curve for dollars.
• C) there was an increase in the value in the dollar, relative to the yen.
• D) the dollar appreciated relative to the yen.

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Definitions:

Orderly Fashion

A method or process that is organized and follows a systematically arranged sequence.

Natural Cycles

Regular and predictable patterns occurring in the natural environment, such as seasons, tides, and life cycles.

Psychological Time

An individual's subjective experience and perception of time, which can vary significantly from actual chronological time.

Experiential Time

The subjective experience and perception of time, which can vary greatly from measured clock time, often influenced by emotional states.