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10. In one month Sri Lankas floating-rate currency, the rupee (Rs), goes from 147 Rs/$ to
160 Rs/$, while the Japanese yen goes from 106 /$ to 100 /$.
(a) There has been a devaluation of the rupee against the dollar and the yen.
(b) The rupee has depreciated by 13.3% against the yen.
(c) The rupee has depreciated by 15.4% against the yen.
(d) The yen has been depreciated against the rupee and the dollar.

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