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13. $1 can be exchanged for 110 Japanese yen two years ago. Today, $1 can be exchanged for 90 Japanese yen. Therefore, we can conclude

13. $1 can be exchanged for 110 Japanese yen two years ago. Today, $1 can be exchanged for 90 Japanese yen. Therefore, we can conclude that ____.

A. Japanese Yen has depreciated against US dollars.

B. Japanese Yen has appreciated against US dollars.

C. US dollar has appreciated against Japanese Yen.

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