Suppose a U.S.-made machine costs $500 and the exchange rate is 100 yen = $1. Now the exchange rate changes to 90 yen = $1. Then the:
A) machine would now cost more dollars.
B) machine would now cost the Japanese citizen less yen.
C) machine would now cost less dollars.
D) machine would now cost the Japanese citizen more yen.
E) yen has depreciated in value.
Correct Answer:
Verified
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