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Assume That Japan and the United States Are Engaged in a System

Question 228

Multiple Choice

Assume that Japan and the United States are engaged in a system of flexible exchange rates. If more people in the United States decide to purchase Japanese cars, what effect will this have on
The market for yen?


A) The price of yen will increase.
B) The price of yen will decrease.
C) The supply of yen will increase.
D) The supply of yen will decrease.

Correct Answer:

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