In: Finance
The price of Japanese Yen "in US dollars" was 0.0089 last month and is 0.0084 today. Which of the following is TRUE given this information? Select one: a. The Japanese Yen has lost value against the US dollar. b. The US dollar has lost value against the Japanese Yen. c. Turning a US dollar into Yen today would give you approximately 5 more Yen today versus the amount of Yen you would have received last month. d. Today, 1000 Japanese Yen can be exchanged into approximately $119. e. Today, 1000 US dollars can be converted into approximately 8.4 Japanese Yen.