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If the FX rate for the Japanese yen changes from JPY 101.67 / USD to JPY 103.02 / USD we can say that: ( 1pt
If the FX rate for the Japanese yen changes from JPY 101.67/USD to JPY 103.02/USD we can say that: (1pt)
Group of answer choices
A.) The yen has appreciated and US goods are cheaper for the Japanese.
B.) The yen has appreciated and US goods are more expensive for the Japanese.
C.) The yen has depreciated and US goods are cheaper for the Japanese.
D.)The yen has depreciated and US goods are more expensive for the Japanese.
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