The Following Table Shows the Number of U

question 149

Multiple Choice

The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between June 1, 2016, and September 1, 2016. Use this table to answer the following questions.
-Between August 1,2016,and September 1,2016,the number of

• A) Japanese goods exported to the United States likely decreased because Japanese goods became more expensive to consumers in the United States.
• B) U.S.goods exported to Japan likely decreased because U.S.goods became less expensive to consumers in Japan.
• C) Mexican goods exported to the United States likely increased because the Mexican peso depreciated against the U.S.dollar.
• D) U.S.goods exported to Mexico likely did not change because the Mexican peso is pegged to the Japanese yen but not to the U.S.dollar.
• E) Japanese goods exported to the United States likely increased because Japanese goods became less expensive to consumers in the United States.

---

Definitions:

Owner's Equity Accounts

Accounts representing the owner’s claim or interest in the business assets after all liabilities have been deducted.

Credits

Entries on the right side of an account, indicating an increase in liabilities, equity, or revenue, or a decrease in assets or expenses.

Posting Reference Notation

A unique code or number used to track the entry of a transaction in the accounting records to its source document.

Journal

A book or electronic record in which transactions are recorded in chronological order before they are posted to ledger accounts.