Asked by
Mandlenkosi Manzini
on Nov 12, 2024
Verified
If on Monday of a week $1 = 146 Japanese yen and on Friday of the same week $1 = 147 yen,the dollar is said to have appreciated and the yen is said to have depreciated.
Appreciated
Refers to an increase in the value of an asset or currency over time.
Depreciated
A reduction in the value of an asset over time, typically due to wear and tear or obsolescence.
- Familiarize yourself with the notion of exchange rates and their importance in the realm of international trade and economics.
- Comprehend the ramifications of changes in currency value on global trade and personal finance.
Verified Answer
MY
Learning Objectives
- Familiarize yourself with the notion of exchange rates and their importance in the realm of international trade and economics.
- Comprehend the ramifications of changes in currency value on global trade and personal finance.