Multiple Choice
If the U.S. dollar changes from $1 = ¥200 to $1 = ¥100, then:
A) the dollar has depreciated relative to the yen.
B) the dollar has been fixed by the United States and Japan.
C) the dollar has appreciated relative to the yen.
D) U.S. goods are now more expensive in Japan.
Correct Answer:
Verified
Correct Answer:
Verified
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