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Celastila Moonn, a GLBAAF 301 student at UMB, made the following statements after finishing the week two readings. Statement 3: If a foreign currency appreciates,
Celastila Moonn, a GLBAAF 301 student at UMB, made the following statements after finishing the week two readings. Statement 3: If a foreign currency appreciates, that country's goods and services become relatively more expensive for U.S. buyers. Statement 4: If the dollar is initially worth 120 yen and then the exchange rate changes so that the dollar is now worth 115 yen, the value of the yen has depreciated. With respect to above statements, is Moonn correct? A. Yes, both statements 3 and 4 are correct B. Yes for stament 4 and no for statement 3. C. Yes for statement 3 and no statement 4
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