Multiple Choice
Consider an exchange rate situation in which 1 Indian rupee equals 0.40 Japanese yen. Given this information, which of the following statements is true?
A) The cost of operating an Indian firm in Japan is lower.
B) An Indian tourist in Japan can buy more goods and services in Japan.
C) A Japanese tourist can buy more goods and services in India.
D) The cost of operating a Japanese firm in India is lower.
Correct Answer:
Verified
Correct Answer:
Verified
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