Question

n 2002, one U.S. dollar could be exchanged for 133 Japanese yen, and in 2011, a U.S. dollar was worth 77 yen. Based on this information, which statement is true? Demand for the yen increased between 2002 and 2011, and demand for U.S. the dollar decreased. Japanese businesses made more money than American businesses between 2002 and 2011. Demand for the U.S. dollar increased between 2002 and 2011, and demand for the yen decreased. More U.S. dollars were in circulation in 2002 than in 2011.

Answer 1

A is correct

Explanation: I took the test and got it right!

Answer 2

In 2002, one U.S. dollar could be exchanged for 133 Japanese yen, and in 2011, a U.S. dollar was worth 77 yen. Based on this information, it can be stated that demand for the yen increased between 2002 and 2011, and demand for U.S. the dollar decreased.

Step-by-step explanation:

The 2008 crisis, called the Great Recession, caused the value of the dollar as reserve currency and international trade to fall, therefore, its demand decreased and it was transferred to other currencies of world economic powers, such as the Euro, the Sterling Pound or the Yen. Therefore, during this period the Dollar lost value, while the Yen in turn appreciated as a result of this crisis.