Suppose the Exchange Rate Between the United States and Japan

question 17

Multiple Choice

Suppose the exchange rate between the United States and Japan changed from $1 =150 yen to $1 = 140 Yen,which of the following statements is TRUE?

• A)the dollar depreciated
• B)the yen depreciated
• C)the price of yen in dollars decreased
• D)the price of dollars in yen increased

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