In 1990, exchange rates were: 1.61 U.S. dollars per U.K. pound and 144 Japanese yen per U.S. dollar. In 1980, the exchange rates were: 2.22 U.S. dollars per U.K. pound and 240 Japanese yen per U.S. dollar. Based on these data, from 1980 to 1990 the U.S. dollar

A. depreciated versus the U.K. pound and appreciated versus the Japanese yen.
B. appreciated versus the U.K. pound and depreciated versus the Japanese yen.
C. depreciated versus both the U.K. pound and the Japanese yen.
D. appreciated versus both the U.K. pound and the Japanese yen.


Answer: B

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