Suppose the euro—yen exchange rate falls while the dollar—yen exchange rate rises. What happens to the price of goods imported into Japan?
A) European goods become more expensive while U.S. goods become cheaper.
B) European goods become cheaper while U.S. goods become more expensive.
C) Both European and U.S. goods become more expensive.
D) Both European and U.S. goods become cheaper.
A
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What will be an ideal response?
When banks offer borrowers smaller loans than they have requested, banks are said to
A) shave credit. B) rediscount the loan. C) raze credit. D) ration credit.
Which of the following mergers would result from the purchase of a paper mill by a textbook publishing company?
a. An interlocking merger. b. A vertical merger. c. A conglomerate merger. d. A horizontal merger.
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