Economic Issues and Policy 6th Edition by Jacqueline Murray Brux

تمرين 5

(Refer to the Appendix to answer this question.) Why would Japanese residents demand U.S. dollars? Why would U.S. residents demand Japanese yen? Draw a graph of the market for the U.S. dollar relative to the Japanese yen. In August 2014, the exchange rate between the U.S. dollar and the Japanese yen was 102.04 yen per 1 U.S. dollar. This is from the same source as in footnote #6.