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    Microeconomics Study Set 45
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    Exam 27: The Balance of Payments, Exchange Rates, and Trade Deficits
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    If the Exchange Rate Between the U
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If the Exchange Rate Between the U

Question 74

Question 74

Multiple Choice

If the exchange rate between the U.S. dollar and the Japanese yen is $1 = 250 yen, then the dollar price of yen is


A) $0.004.
B) $4.
C) $0.40.
D) $0.04.

Correct Answer:

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