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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