Japan decides to replace its yen with a new currency, the zen. Each zen is worth 100 yen. This will stimulate their exports.

Name: Japan decides to replace its yen with a new currency, the zen. Each zen is worth 100 yen. This will stimulate their exports.
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Question

Quizplus · Accepted Answer

Changing the currency unit itself does not directly affect the competitiveness of exports. The value of exports is influenced by factors such as exchange rates, production costs, and global demand, not by the denomination of the currency.

Japan Decides to Replace Its Yen with a New Currency