If the Exchange Rate Between the Dollar and the Yen

question 118

True/False

If the exchange rate between the dollar and the yen is ¥80 = $1 this week, and is ¥87 = $1 next week, we say that the dollar appreciated.

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Definitions:

Income Increased

A situation where an individual, household, or entity's earnings or revenue rise, impacting their economic capacity and consumption decisions.

Industries

Broad categories that group businesses and economic activities based on similar production processes, services, or goods produced.

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region.

Excise or Sales Taxes

Taxes imposed on the sale of specific goods and services, often included in the price paid by the consumer.