If the Exchange Rate Between the Yen and the Dollar

question 97

Multiple Choice

If the exchange rate between the yen and the dollar changes from 100 yen = $1 to 110 yen = $1, then:

• A) the dollar has depreciated in value.
• B) U.S.-made goods will become less expensive to Japanese citizens.
• C) the dollar has appreciated in value.
• D) Japanese-made goods will become more expensive to U.S. citizens.

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Definitions:

Eighteenth Century

The period from 1701 to 1800 in the Gregorian calendar, marked by significant developments in areas such as enlightenment philosophy, political revolutions, and the early stages of the industrial revolution.

Liberum Veto

A political practice in the Polish-Lithuanian Commonwealth allowing any member of the parliament to force an immediate end to the current session and nullify any legislation that had been passed by vetoing it.

Polish-Lithuanian Parliament

The Polish-Lithuanian Parliament, traditionally known as the Sejm, was the legislative body of the Polish-Lithuanian Commonwealth, a bi-national polity of Poland and Lithuania which existed from 1569 to 1795.

Commission of National Education

Established in Poland in 1773, it was the world's first ministry of education intended to oversee national educational reform and promote Enlightenment ideals.