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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 89 times)

PhilipSeeMore

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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



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Moriaki

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Answer to Question 1

False

Answer to Question 2

True




PhilipSeeMore

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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