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Assume you could buy 915 Chilean peso or 100 Japanese Yen last year for $1. Today, $1 will buy you 913 peso or 102 yen.

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Assume you could buy 915 Chilean peso or 100 Japanese Yen last year for $1. Today, $1 will buy you 913 peso or 102 yen. Which one of the following occurred over the past year? Multiple Choice The peso appreciated against the dollar O The yen depreciated against the dollar O The dollar depreciated against both the peso and the yen o O The dollar appreciated against both the peso and the yen o

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