Question

Choose the correct statement.

A. The Canadian dollar was 12 percent lower against in the
Japanese yen in 2017 than in 2000.
B. Between 2000 and​ 2017, the Canadian dollar shows an upward
trend again

Answer 1

The correct statement is A. The Canadian dollar was 12 percent lower against the Japanese yen in 2017 than in 2000.

Step-by-step explanation:

The correct statement is A. The Canadian dollar was 12 percent lower against the Japanese yen in 2017 than in 2000.

To understand this statement, we need to compare the value of the Canadian dollar against the Japanese yen in 2017 and in 2000. If the Canadian dollar was 12 percent lower in 2017 compared to 2000, it means that 1 Canadian dollar could buy less Japanese yen in 2017 than in 2000.

This indicates a depreciation or weakening of the Canadian dollar against the Japanese yen.