If the exchange rate rises from 100 yen per dollar to 120 yen per ...

[nelaaney]

If the exchange rate rises from 100 yen per dollar to 120 yen per dollar, the dollar has appreciated.
 
  Indicate whether the statement is true or false

Question 2

Explain which of the following count as money. a) a check in Ann's checkbook b) currency in Ann's bank c) currency in Ann's purse d) Ann's checking deposit
 
  What will be an ideal response?

[jojobee318]

Answer to Question 1

TRUE

Answer to Question 2

Only parts (c), currency in Ann's purse, and (d), Ann's checking deposit, are money. Ann's check, given in part (a), is a method of transferring money from Ann to someone else. Thus the check (itself) is not money. Part (d), the currency in Ann's bank, is not money until someone withdraws it because currency inside a bank does not count as money.

[nelaaney]

Thanks for the timely response, appreciate it

[Animal_Goddess]

TYSM