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, which statement is definitely 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 in the years 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.
I agree.
To determine which statement is definitely true based on the information provided, we need to analyze the changes in the exchange rate between the U.S. dollar and the Japanese yen.
In 2002, one U.S. dollar could be exchanged for 133 Japanese yen. This means that the value of the U.S. dollar was higher relative to the yen in 2002.
In 2011, a U.S. dollar was worth 77 yen. This indicates a decline in the value of the U.S. dollar relative to the yen, as it took fewer yen to equal one U.S. dollar.
Based on this analysis, we can conclude that the demand for the yen increased between 2002 and 2011, while the demand for the U.S. dollar decreased. This aligns with the first statement:
"Demand for the yen increased between 2002 and 2011 and demand for the U.S. dollar decreased."
Therefore, the correct answer is the first statement.