If the dollar depreciated relative to the yen, it would be expected that
A. the Japanese trade surplus with the U.S. would be increased (or the trade deficit would be reduced).
B. Japanese imports from the United States would decrease.
C. Japanese exports to the United States would decrease.
D. All of the choices are true.
C. Japanese exports to the United States would decrease.
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The reserve requirement:
A. Is the most frequently used tool by the Fed. B. Changes required reserves but not excess reserves. C. Does not affect the lending capacity for a bank. D. Affects the level of bank reserves.
Which of the following facilities give bank customers access to services over a much wider geographic area than any single bank's branches can cover?
a. Traveler's checks b. Saving account checks c. ATM networks d. Demand drafts e. Certificates of deposit