If on Tuesday you can buy 125 yen per U.S. dollar and on Wednesday you can buy 120 yen per U.S. dollar,
a. both the U.S. dollar and the yen have appreciated
b. both the U.S. dollar and the yen have depreciated
c. the U.S. dollar has appreciated and the yen has depreciated
d. the U.S. dollar has depreciated and the yen has appreciated
e. the yen has appreciated and the U.S. dollar has remained constant
D
You might also like to view...
In a city with rent-controlled apartments, all of the following are true except
A) landlords have an incentive to rent more apartments than they would without rent control. B) apartments usually rent for rates lower than the market rate. C) it usually takes more time to find an apartment than it would without rent control. D) apartments are often in shorter supply than they would be without rent control.
Even limited deregulation can spur business growth and reduce poverty
Indicate whether the statement is true or false
Which of the following items is included when computing M1?
a. Checking accounting entries. b. Currency in circulation. c. All of the above. d. None of the above.
An individual has a comparative advantage in production if that individual: a. can produce at the highest opportunity cost. b. is more self-sufficient than others
c. can produce at the lowest opportunity cost. d. all of the above