Ashchu117
contestada

***30 POINTS EASY IF YOU KNOW ECONOMICS***

If yesterday one U.S. dollar could be exchanged for 120 Japanese yen, while today a U.S. dollar can be exchanged for 118 yen, this means that the U.S. dollar has _____ against the yen and imports from Japan became _____.
a) depreciated; less expensive
b) appreciated; more expensive
c) depreciated; more expensive
d) appreciated; less expensive

Respuesta :

i think it's C brainliest mark me if i'm right
Hi!

So if the exchange rate between the dollar and the yen changed from 120 yen to 1 dollar to 118 yen to 1 dollar, then that means it depreciated against the yen. The reason is because it fell in value; it took less yen to get a dollar, and you get less yen when you give a dollar.

Therefore, imports from Japan became more expensive as you would have to pay more US dollars to get the same amount of yen.

So your answer is C.

Hope this helped!

Otras preguntas