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Suppose that yesterday, the U . S . dollar was trading on the foreign exchange market at 1 0 0 yen per dollar. Today, the
Suppose that yesterday, the US dollar was trading on the foreign exchange market at yen per dollar. Today, the US dollar is trading at yen per dollar.
Which currency appreciated and which depreciated today?
A The dollar depreciated and the yen appreciated.
B Both currencies appreciated.
C Neither currency appreciated nor depreciated.
D The dollar appreciated and the yen depreciated.
E Both currencies depreciated.
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