The U.S. dollar exchange rate increased from 0.97 Canadian in 2007 to 1.06 Canadian in 2008, and it decreased from 115 Japanese yen in 2007 to 107 Japanese yen in 2008. a. Did the U.S. dollar...


The U.S. dollar exchange rate increased from
0.97 Canadian in 2007 to
1.06 Canadian in 2008, and it decreased from 115 Japanese yen in 2007 to 107 Japanese yen in 2008.


a. Did the U.S. dollar appreciate or depreciate against the Canadian dollar?


b. Did the U.S. dollar appreciate or depreciate against the Japanese yen?


c. What was the value of the Canadian dollar in terms of U.S. dollars in 2007 and 2008?


d. What was the value of 100 Japanese yen in terms of U.S. dollars in 2007 and 2008?


e. Did the Canadian dollar appreciate or depreciate against the U.S. dollar in 2008?


f. Did the Japanese yen appreciate or depreciate against the U.S. dollar in 2008?

Nov 11, 2021
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