Which of the following is not a source of demand for Japanese yen?
A)A Japanese firm that wants to purchase Australian beef.
B)A Chinese person who wants to buy Japanese financial securities.
C)A currency trader who thinks the value of the yen will be greater in the future relative to its value today.
D)An Australian bank that wants to buy a Japanese bond.

Question

Quizplus · Accepted Answer

A Japanese firm wanting to purchase Australian beef would need to exchange yen for Australian dollars, thus creating a supply of yen rather than a demand for it.

Which of the Following Is Not a Source of Demand