If currencies around the world are based on the gold standard, and Japan raises the amount of gold for which the yen will trade, then holding all else constant,
A) the value of U.S. exports to Japan in terms of the yen will increase.
B) the value of the yen relative to the dollar will stay constant.
C) the yen will appreciate against the dollar.
D) the yen will depreciate against the dollar.
C
Economics
You might also like to view...
The economic way of thinking has to do with:
A) analyzing benefits but not costs. B) analyzing costs but not benefits. C) making choices at the margin. D) making the distinction between microeconomics and macroeconomics.
Economics
Which of the following equations is correct?
A) assets = liabilities ? net worth B) assets = liabilities + net worth C) liabilities = assets + net worth D) net worth = liabilities + assets
Economics