From 1980 to 2000,the Yen-Dollar Exchange Rate Fell from 240

question 79

Multiple Choice

From 1980 to 2000,the yen-dollar exchange rate fell from 240 yen/dollar to 102 yen/dollar,while the dollar-pound exchange rate fell from 2.22 dollars/pound to 1.62 dollars/pound.As a result

• A)the dollar appreciated relative to the yen, but depreciated relative to the pound.
• B)the dollar depreciated relative to the yen, but appreciated relative to the pound.
• C)the dollar appreciated relative to both the yen and the pound.
• D)the dollar depreciated relative to both the yen and the pound.

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Definitions:

Normative

Relating to an ideal standard or model, often reflecting what is deemed to be the correct or normal way of doing something.

Informational

Pertaining to the dissemination or exchange of knowledge, data, or facts.

Autokinetic Effect

Illusion, caused by very slight movements of the eye, that a stationary point of light in a dark room is moving

Group Norms

The beliefs or behaviors that a group of people accepts as normal.