If the exchange rate between the yen and the dollar changes from 110 yen = $1 to 100 yen = $1, then:
a. the dollar has depreciated in value.
b. U.S.-made goods will become more expensive to Japanese citizens.
c. the dollar has appreciated in value.
d. Japanese-made goods will become less expensive to U.S. citizens.
e. there will be a decrease in the demand for dollars in the foreign exchange market.
a
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With the Bretton Woods system of international exchange rates
A) the value of a country's currency was determined strictly by the laws of supply and demand. B) the value of a country's currency was determined by its stock of gold. C) there were fixed exchange rates, and most countries were obligated to intervene to maintain the values of their currencies within 1 percent of par value. D) a nation's balance of payments was eliminated.