Exhibit 21-5 International currency markets
-Exhibit 21-5 displays the international currency market for yen in terms of dollars and dollars in terms of yen.The supply curve in graph 5(B) is determined by:
A) U.S. citizens attempting to purchase Japanese-made goods.
B) Japanese attempting to purchase U.S.-made goods.
C) U.S. businesses attempting to sell to the Japanese.
D) Japanese businesses attempting to sell to the U.S.
E) the U.S. government attempting to unload dollars to the international market.
Correct Answer:
Verified
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