Answer to Question #219426 in Microeconomics for richman

Question

1.    The fall in value of the British pound relative to the Japanese yen is a(n)

a.     depreciation of the pound.

b.    appreciation of the pound.

c.     weakening of the yen.

d.    floating of the yen.

Answer 1

(a) A depreciation of the pound.

Currency depreciates when its value falls with respect to the value of another currency.