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Question
You have obtained the following spot rates:
| Spot rate per U.S. $ | June 2010 | June 2011 |
| Japanese yen | 120 | 80 |
| Mexican peso | 9.25 | 11.75 |
From the above information, the U.S. dollar has ________ against the Japanese yen and it has ______ against the Mexican peso.
a. appreciated; appreciated
b. appreciates; depreciated
c. depreciated; appreciated
d. depreciated; depreciated
Answer
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Related questions
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