This topic contains a solution. Click here to go to the answer

Author Question: If the dollar price of the yen is 1.39, the reciprocal exchange rate is 1 yen = 0.39. a. True b. ... (Read 105 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
If the dollar price of the yen is 1.39, the reciprocal exchange rate is 1 yen = 0.39.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the U.S. dollar price of one Japanese yen was 0.009 in 1997 and 0.011 in 2001, then the reciprocal exchange rate adjusted from 1 = 111.1 in 1997 to 1 = 90.9 in 2001 . This implies that over this time period, the U.S. dollar experienced a depreciation relative to the Japanese yen.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

False

Answer to Question 2

True




PhilipSeeMore

  • Member
  • Posts: 561
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Excellent

 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

For a complete list of videos, visit our video library