Question

m6 l5: foreign exchange markets quiz
economics (fa25) wa 1 / economics / module 6: surpluses, deficits, debt, and international trade

1. when the dollar is able to buy more japanese yen than a month ago, it has strengthened or _.

appreciated
depreciated

Explanation:

In foreign exchange markets, when one currency can buy more of another currency than before, it means the first currency has increased in value relative to the second. The term for an increase in a currency's value is "appreciated." "Depreciated" means the currency has decreased in value.

Answer:

A. appreciated