Multiple Choice
Answer the next question on the basis of the table below that shows the exchange rate between various currencies and the U.S.dollar
December 2015 Exchange Rate December 2016 Exchange Rate
Currency (dollars per unit of foreign currency) (dollars per unit of foreign currency)
Mexican peso $0.07 $0.09
Swiss franc $1.10 $1.05
Japanese yen $0.010 $0.012
British pound $1.64 $1.58
-A demand for U.S.dollars would result from
A) An American tourist visiting the British Museum in London
B) A Japanese investor purchasing German securities
C) Honda,a Japanese auto company,buying land in Alabama
D) Airbus,a European firm,selling jetliners to airlines in South Korea
Correct Answer:

Verified
Correct Answer:
Verified
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