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On 10 January 2016 , you observed the following exchange rates: - Canada-Australia: C1.2 = AU$1 - Japan-Australia: 120 yen = AU$1 - Mexico-Australia: 12

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On 10 January 2016 , you observed the following exchange rates: - Canada-Australia: C1.2 = AU\$1 - Japan-Australia: 120 yen = AU\$1 - Mexico-Australia: 12 pesos = AU\$1 - India-Australia: 45 rupees = AU\$1 If the exchange rate on January 10,2017 , is AUS 1=144 Japanese yen, then a. the Japanese yen has depreciated 20% against the Australian dolla b. the Australian dollar has appreciated 10% against the Japanese yen c. the Australian dollar has depreciated 24% against the Japanese yen d. the Japanese yen has depreciated 12% against the Australian dollar

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