M
mes1111
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in 1985 the exchange rate between the US dollar and the Japanese yen was $1=262 yen; in 2003 the rate was$1=110 yen.
between 1985 and 2003 the:
a. dollar appreciated in value relative to the yen
b. yen appreciated in value relative to the dollar
c. dollar price of yen fell
d. yen price of dollars rose
Which one of the following might be a plausible explanation for the change in the dollar-yen exchange rate cited in the previous question?
a. Japan exported much more to the US during this period than it imported from the US
b. Japan greatly increased its purchases of the military equipment from the US during this period
c. Japan's economy grew far faster than the US economy during this period
d. Japan's government devalued the yen during this period
thanks i appreciate it
between 1985 and 2003 the:
a. dollar appreciated in value relative to the yen
b. yen appreciated in value relative to the dollar
c. dollar price of yen fell
d. yen price of dollars rose
Which one of the following might be a plausible explanation for the change in the dollar-yen exchange rate cited in the previous question?
a. Japan exported much more to the US during this period than it imported from the US
b. Japan greatly increased its purchases of the military equipment from the US during this period
c. Japan's economy grew far faster than the US economy during this period
d. Japan's government devalued the yen during this period
thanks i appreciate it