If the dollar price of the yen is 1.39, the reciprocal exchange ...

[PhilipSeeMore]

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

[Moriaki]

Answer to Question 1

False

Answer to Question 2

True

[PhilipSeeMore]

YES! Correct, THANKS for helping me on my review

[jackie]

Thanks for the timely response, appreciate it