Chapter6: An Introduction To The Foreign Exchange Market And The Balance Of Payments
Section: Chapter Questions
Problem 13E
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Question
If the price of the dollar changes from 100 Japanese yen to 120 Japanese yen, the dollar has appreciated
True
False
Expert Solution
Step 1
Exchange rate play a major role in deciding the fate of the economy especially with regards to that of the balance of trade with the imports and exports can change with the fluctuation in currency.
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