If the Japanese yen was 123 per dollar and now it is 114 yen per dollar, it can be said that
A) the yen has appreciated against the dollar.
B) the yen has depreciated against the dollar.
C) the dollar has appreciated against the yen.
D) Both answers C and B are correct
A
You might also like to view...
Suppose the Fed had tried to keep the exchange rate at its 2001 level. In that case the Fed would have ________ dollars and its foreign reserves would have ________
A) bought; decreased B) sold; increased C) sold; decreased D) bought; increased E) None of the above is correct because the Fed cannot affect the exchange rate.
Is the national debt a burden to future generations?
A. No, as long as foreigners own a significant share of the national debt. B. No, as long as the national debt is owned purely by U.S. citizens. C. Yes, debt is always a burden to future generations. D. Yes, unless foreigners increase their share of the national debt.