Suppose That in 2002 the Exchange Rate Between the Canadian

question 33

Multiple Choice

Suppose that in 2002 the exchange rate between the Canadian dollar and the Japanese yen was
$1 = 220 yen,and in 2012 it was $1 = 100 yen.
-Refer to the above information.Between 2002 and 2012 the:

• A) dollar appreciated in value relative to the yen.
• B) yen appreciated in value relative to the dollar.
• C) dollar price of yen fell.
• D) yen price of dollars rose.

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Definitions:

Sue

To initiate legal proceedings against another party in order to seek remedy or damages.

Intoxicated

The condition of being under the influence of alcohol or drugs to the extent of losing control over physical and/or mental faculties.

Avoid The Contract

To nullify or terminate a contractual agreement due to errors, fraud, or illegality.

Repudiating

A term often used in legal and financial contexts to refer to the rejection or denial of a claim, duty, or responsibility.