Suppose 144 yen could be purchased in the foreign exchange
Suppose 144 yen could be purchased in the foreign exchange market for one U.S. dollar today. If the yen depreciates by 8.0% tomorrow, how many yen could one U.S. dollar buy tomorrow?
Answer
155.5 yen144.0 yen133.5 yen78.0 yen72.0 yen
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