Question: Question 5 2 . 5 pts When the nominal exchange changes from 1 1 0 yen per dollar to 1 2 0 yen per dollar,

Question 5
2.5 pts
When the nominal exchange changes from 110 yen per dollar to 120 yen per dollar, the dollar has
appreciated.
depreciated.
become undervalued.
become overvalued.
Question 5 2 . 5 pts When the nominal exchange

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