Multiple Choice
Suppose the exchange rate is US$1 = ¥100. This means that
A) it takes US$100 to purchase 1 yen.
B) someone with US$1 can purchase 100 yen.
C) the yen will soon fall in value.
D) the exchange rate is out of balance because it should be 1 yen per dollar.
Correct Answer:
Verified
Correct Answer:
Verified
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