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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 7
Dollar Hits All-Time Low vs Yen
The dollar fell as low as 76.54 against the yen in late trading Wednesday, as global uncertainty and the prospect of more cash flowing into Japan pushed its currency higher. The previous all-time low for the dollar in terms of the yen was 79.75 set in April 1995. The strong yen is making Japanese exports more expensive.
On a graph of the foreign exchange market show the effects of
a. Japanese exports becoming more expensive.
b. The prospect of more cash flowing into Japan.
The dollar fell as low as 76.54 against the yen in late trading Wednesday, as global uncertainty and the prospect of more cash flowing into Japan pushed its currency higher. The previous all-time low for the dollar in terms of the yen was 79.75 set in April 1995. The strong yen is making Japanese exports more expensive.
On a graph of the foreign exchange market show the effects of
a. Japanese exports becoming more expensive.
b. The prospect of more cash flowing into Japan.
Explanation
Verified
Verified
a.
Appreciation of domestic currency on...
Macroeconomics 11th Edition by Michael Parkin
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