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Exchange Rates and Currency Markets
Worksheet
Grade Level
Economics & Financial Literacy
12.43 Exchange Rates and Currency Markets
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The yen-per-dollar exchange rate rises from 140 to 150. Which statement is correct for Japanese importers who must pay U.S. dollars?
A
The exchange rate change helps only exporters, not importers.
B
The yen appreciated, so U.S. goods become cheaper for Japanese importers.
C
The dollar appreciated, so each dollar payment costs Japanese importers more yen.
D
The dollar depreciated, so each dollar payment costs Japanese importers fewer yen.
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