3890EconomicsMedium
Given a two-country world, suppose Japan devalues the yen by 20 percent and west German devalues the mark by 15 percent This result is a (an)?
Adepreciation in the value of both currencies
Bappreciation in the value of both currencies
Cappreciation in the value of the yen against the mark
Ddepreciation in the value of the yen against the mark
Correct answer
D. depreciation in the value of the yen against the mark
Explanation
The correct answer is depreciation in the value of the yen against the mark.