Question

One hundred yen costs $0.92 in 2016 and $0.98 in 2018. Choose which statement is correct....

One hundred yen costs $0.92 in 2016 and $0.98 in 2018. Choose which statement is correct.

Question 4 options:

The yen is weaker than the dollar, and appreciated from 2016 to 2018.

The yen is stronger than the dollar, and depreciated from 2016 to 2018.

The yen is weaker than the dollar, and depreciated from 2016 to 2018.

The yen is stronger than the dollar, and appreciated from 2016 to 2018.
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Answer #1

Answer is A. Yen is weaker than dollar and appreciated from 2016 to 2018.

Yen is weaker than dollar because for $0.92 , 100 Yen have to given. So more Yen to be given in order to take $0.92. this shows that Yen is weaker.

But it appreciated from 2016 to 2018 because in 2016 you could purchase only $0.92 with 100 Yen and in 2018 You could purchase $0.98 with same 100 Yen. So in 2018 you could purchase more dollar with same Yens. So value of Yen got increased or Yen got appreciated.

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