Author Question: Suppose that the yen-dollar foreign exchange rate changes from 130 yen per dollar to 140 yen per ... (Read 69 times)

serike · **on:** Jun 29, 2018

Suppose that the yen-dollar foreign exchange rate changes from 130 yen per dollar to 140 yen per dollar. Then the yen has

A) depreciated against the dollar, and the dollar has appreciated against the yen.
B) depreciated against the dollar, and the dollar has depreciated against the yen.
C) appreciated against the dollar, and the dollar has appreciated against the yen.
D) appreciated against the dollar, and the dollar has depreciated against the yen.

Question 2

Checks and credit cards are NOT considered money because they

A) are issued by banks, not the Federal Reserve.
B) are not the means of payment.
C) typically require an identification requirement, such as your driver's license.
D) are not backed by all commercial banks.