Question: In September 2 0 2 4 September 2 0 2 4 , the exchange rate between the Japanese yen and the U . S .

In
September 2024September2024,
the exchange rate between the Japanese yen and the U.S. dollar expressed in terms of yen per dollar was
142.95142.95
= $1. The exchange rate expressed in terms of dollars per yen is
0.00690.0069
dollars per yen. (Enter your response rounded to four decimal places.)
*Real-time data provided by Federal Reserve Economic Data(FRED), Federal Reserve Bank of Saint Louis
Part 2
Suppose that the exchange rate between the dollar and the euro was
euro0.9200.920
per dollar in
March 2024March2024
and
euro0.9290.929
per dollar in
June 2024June2024.
From
March 2024March2024
to
June 2024June2024,
the euro
A.
depreciateddepreciated
against the dollar because
fewerfewer
euros are needed to purchase one dollar.
B.
appreciatedappreciated
against the dollar because
fewerfewer
euros are needed to purchase one dollar.
C.
depreciateddepreciated
against the dollar because
moremore
euros are needed to purchase one dollar.
D.
appreciatedappreciated
against the dollar because
moremore
euros are needed to purchase one dollar.

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