Question: True or False: Consider the exchange rate between the U.S. dollar and the Japanese yen. If the exchange rate changes from $1 = 80 to

True or False: Consider the exchange rate between the U.S. dollar and the Japanese yen. If the exchange rate changes from $1 = ¥80 to $1 = ¥105, then the dollar has “appreciated” in value against the yen.

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