The inflation rate in Japan is 3% and the inflation rate in the US is...
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Finance
The inflation rate in Japan is 3% and the inflation rate in the US is 5%. If the Japanese yen appreciated by 3% against the dollar in nominal terms by how much did the yen appreciate or depreciate in real terms?
Yen depreciated in real terms by approximately 1%
Yen depreciated in real terms by approximately 2%
Yen appreciated in real terms by approximately 1%
Yen appreciated in real terms by approximately 2%
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