If the US Dollar Changes from $1 = ¥200 to $1 =

question 285

Multiple Choice

If the U.S. dollar changes from $1 = ¥200 to $1 = ¥100, then:

• A) the dollar has depreciated relative to the yen.
• B) the dollar has been fixed by the United States and Japan.
• C) the dollar has appreciated relative to the yen.
• D) U.S. goods are now more expensive in Japan.

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