Question: During 2 0 2 4 , the inflation rate in Japan was 2 . 7 0 % while the inflation rate in the U .

During 2024, the inflation rate in Japan was 2.70% while the inflation rate in the U.S. was 2.90%. The real exchange rate of the Yen versus the Dollar: a. Appreciated 7.87% against the USD. b. Appreciated 7.30% against the USD. c. Appreciated 7.66% against the USD. d. Appreciated 8.08% against the USD. e. Depreciated 7.87% against the USD. f. Depreciated 7.30% against the USD. g. Depreciated 7.66% against the USD. h. Depreciated 8.08% against the USD. i. None of the above answers is correct.

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