Author Question: If the Japanese yen was 123 per dollar and now it is 114 yen per dollar, it can be said that A) ... (Read 75 times)

arivle123 · **on:** Jun 29, 2018

If the Japanese yen was 123 per dollar and now it is 114 yen per dollar, it can be said that

A) the yen has appreciated against the dollar.
B) the yen has depreciated against the dollar.
C) the dollar has appreciated against the yen.
D) Both answers C and B are correct

Question 2

Cigarettes served as money in some POW camps during World War II. Given this fact, we would expect to observe

A) no one ever smoking a cigarette.
B) people usually resorting to barter rather than using cigarettes as money.
C) prices of other goods expressed in terms of cigarettes.
D) only government-issued cigarettes being accepted as money.