Depreciation of the Dollar Relative to the Yen Means That

question 15

Multiple Choice

Depreciation of the dollar relative to the yen means that the

• A)dollar price of the yen has fallen.
• B)yen prices of Japanese goods have increased to the Japanese.
• C)dollar prices of imported goods from Japan have increased.
• D)yen are less expensive to Americans.

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Definitions:

Rate of Interest

The percentage of a sum of money charged for its use, typically expressed as an annual rate.

Account

An arrangement with a financial institution for the deposit and withdrawal of money.

Double Your Money

A colloquial term referring to an investment strategy or opportunity that aims to increase the initial investment by 100%.

Rate of Interest

The percentage charged on the total amount that borrowers pay for loans or earn on deposits, over a period of time.