Multiple Choice
Other things the same, if the dollar appreciates relative to the Japanese yen, then
A) the exchange rate falls. It will cost fewer yen to travel in the U.S.
B) the exchange rate falls. It will cost more yen to travel in the U.S.
C) the exchange rate rises. It will cost fewer yen to travel in the U.S.
D) the exchange rate rises. It will cost more yen to travel in the U.S.
Correct Answer:
Verified
Correct Answer:
Verified
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