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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