In 1990, exchange rates were: 1.61 U.S. dollars per U.K. pound and 144 Japanese yen per U.S. dollar. In 2000, the exchange rates were: 1.62 U.S. dollars per U.K. pound and 102 Japanese yen per U.S. dollar. Based on the data,
A. the U.S. dollar appreciated versus the U.K. pound and the U.S. dollar depreciated versus the Japanese yen.
B. the U.S. dollar appreciated versus both the U.K. pound and the Japanese yen.
C. the U.S. dollar depreciated versus the U.K. pound and the U.S. dollar appreciated versus the Japanese yen.
D. the U.S. dollar depreciated versus both the U.K. pound and the Japanese yen.
Answer: D
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