suppose the uamaican dollarus dollar exchange rate is 360 jamaican dollars1 us dollar then chang

Step 1: The initial exchange rate was 360 Jamaican dollars per $1 USD. It changed to 340 Jamaica

Question

Suppose the Jamaican dollar (JMD) to US dollar (USD) exchange rate is 360 JMD to 1 USD. Then it changes to 340 JMD to 1 USD. This means that: A. The US dollar has appreciated against the Jamaican dollar and inflows into the US from Jamaica should fall, while exports from the US to Jamaica should rise. B. The US dollar has depreciated against the Jamaican dollar and inflows into the US from Jamaica should fall, while exports from the US to Jamaica should rise. C. The US dollar has depreciated against the Jamaican dollar and inflows into the US from Jamaica should rise, while exports from the US to Jamaica should fall. D. The US dollar has appreciated against the Jamaican dollar and inflows into the US from Jamaica should rise, while exports from the US to Jamaica should fall.

          Suppose the Jamaican dollar (JMD) to US dollar (USD) exchange rate is 360 JMD to 1 USD. Then it changes to 340 JMD to 1 USD. This means that:
A. The US dollar has appreciated against the Jamaican dollar and inflows into the US from Jamaica should fall, while exports from the US to Jamaica should rise.
B. The US dollar has depreciated against the Jamaican dollar and inflows into the US from Jamaica should fall, while exports from the US to Jamaica should rise.
C. The US dollar has depreciated against the Jamaican dollar and inflows into the US from Jamaica should rise, while exports from the US to Jamaica should fall.
D. The US dollar has appreciated against the Jamaican dollar and inflows into the US from Jamaica should rise, while exports from the US to Jamaica should fall.

Added by Hugo N.

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