(Table: Exchange Rates Across Currencies) If the Exchange Rate on January

question 100

Multiple Choice

(Table: Exchange Rates Across Currencies) If the exchange rate on January 1, 2016, is $1 = 144 yen, then:

• A) the dollar has appreciated 10% against the yen.
• B) the dollar has depreciated 24% against the yen.
• C) the yen has depreciated 12% against the dollar.
• D) the yen has depreciated 20% against the dollar.