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-Exhibit FF-1 Depicts the Foreign Exchange Market for Yen Per

Question 164

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-Exhibit FF-1 depicts the foreign exchange market for yen per dollar and dollars per yen. If the yen per dollar market is in equilibrium at an exchange rate of 100 yen per dollar as shown by point a in graph FF-1(A) , then point b in graph FF-1(B) must equal A) $1 B) 1 yen C) 1/100 yen D) $0.01/yen E) $100
-Exhibit FF-1 depicts the foreign exchange market for yen per dollar and dollars per yen. If the yen per dollar market is in equilibrium at an exchange rate of 100 yen per dollar as shown by point a in graph FF-1(A) , then point b in graph FF-1(B) must equal


A) $1
B) 1 yen
C) 1/100 yen
D) $0.01/yen
E) $100

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