Social Studies, 18.03.2021 01:30 ARandomPersonOnline

Y'all, can you help :) In 2002, one U. S. dollar could be exchanged for 133 Japanese yen, and in 2011, a U. S. dollar was worth 77 yen. This means that in 2011 people received a lower value in Japanese currency for their U. S. currency.

Based on this information, which statement is true?

a. Demand for the yen increased between 2002 and 2011, and demand for U. S. the dollar decreased.

b. Japanese businesses made more money than American businesses between 2002 and 2011.

c. Demand for the U. S. dollar increased between 2002 and 2011, and demand for the yen decreased.

d. It will cost less for Americans to vacation in Mexico in 2011.

Answers: 3

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Y'all, can you help :) In 2002, one U. S. dollar could be exchanged for 133 Japanese yen, and in 20...