If the Exchange Rate Between the Japanese Yen and the Dollar

question 231

Multiple Choice

If the exchange rate between the Japanese yen and the dollar was ¥110 = $1 in 2006 and ¥120 = $1 in 2009,then between 2006 and 2009:

• A) the yen appreciated against the dollar.
• B) the yen depreciated against the dollar.
• C) both the yen and the dollar appreciated.
• D) both the yen and the dollar depreciated.

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