If on Tuesday You Can Buy 125 Yen Per U

question 36

Multiple Choice

If on Tuesday you can buy 125 yen per U.S. dollar and on Wednesday you can buy 120 yen per U.S. dollar,

• A) both the U.S. dollar and the yen have appreciated.
• B) both the U.S. dollar and the yen have depreciated.
• C) the U.S. dollar has appreciated and the yen has depreciated.
• D) the U.S. dollar has depreciated and the yen has appreciated.