Suppose That in 2002 the Exchange Rate Between the Canadian

question 33

Multiple Choice

Suppose that in 2002 the exchange rate between the Canadian dollar and the Japanese yen was
$1 = 220 yen,and in 2012 it was $1 = 100 yen.
-Refer to the above information.Between 2002 and 2012 the:

• A) dollar appreciated in value relative to the yen.
• B) yen appreciated in value relative to the dollar.
• C) dollar price of yen fell.
• D) yen price of dollars rose.