If the Exchange Rate Changes from 100 Yen Per Dollar

question 181

Multiple Choice

If the exchange rate changes from 100 yen per dollar to 150 yen per dollar, what has happened to the dollar?

• A)It has appreciated and so buys more Japanese goods.
• B)It has appreciated and so buys fewer Japanese goods.
• C)It has depreciated and so buys more Japanese goods.
• D)It has depreciated and so buys fewer Japanese goods.

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Definitions:

Intergenerational Mobility

The change in social status or class from one generation to the next within a family or across different families.

Intragenerational Mobility

Status movement throughout one’s lifetime.

Socioeconomic Status

Socioeconomic status is a measure of an individual's or group's economic and social position in relation to others, based on income, education, and occupation.

Indicators

Quantifiable measures used to assess the performance, level, or condition of something, often used in contexts such as economics, health, and education.