If the exchange rate between the yen and the dollar changes from 100 yen = $1 to 110 yen = $1, then:
a. the dollar has depreciated in value.
b. U.S.-made goods will become less expensive to Japanese citizens.
c. the dollar has appreciated in value.
d. Japanese-made goods will become more expensive to U.S. citizens.
e. there will be an increase in the demand for dollars in the foreign exchange market.
c
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