Author Question: If the dollar price of the yen is 1.39, the reciprocal exchange rate is 1 yen = 0.39. a. True b. ... (Read 90 times)

PhilipSeeMore · **on:** Jun 30, 2018

If the dollar price of the yen is 1.39, the reciprocal exchange rate is 1 yen = 0.39.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If the U.S. dollar price of one Japanese yen was 0.009 in 1997 and 0.011 in 2001, then the reciprocal exchange rate adjusted from 1 = 111.1 in 1997 to 1 = 90.9 in 2001 . This implies that over this time period, the U.S. dollar experienced a depreciation relative to the Japanese yen.
a. True
b. False
Indicate whether the statement is true or false