Strict quota on goods imported


Assume that Japan places a strict quota on goods imported from the U.S. and the U.S. places a strict quota on goods imported from Japan. This even should immediately cause the U.S. demand for Japanese Yen to _______ and the supply of Japanese yen to be exchanged for U.S. dollars to ______

increase; increase

increase; decline

decline; decline

decline; increase

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Finance Basics: Strict quota on goods imported
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