True or False: Consider the exchange rate between the U.S. dollar and the Japanese yen. If the

Question:

True or False: Consider the exchange rate between the U.S. dollar and the Japanese yen. If the exchange rate changes from $1 = ¥80 to $1 = ¥105, then the dollar has “appreciated” in value against the yen.

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...