Question

***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

Answer 1

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

Answer 2

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!