Assume That Until Yesterday, One U

question 139

Multiple Choice

Assume that until yesterday, one U.S. dollar could be exchanged for 85 Japanese yens. Today, a dollar gets you 102 yens. Which of the following statements is true?

• A) U.S. goods will be more expensive in Japan.
• B) Japanese goods will be more expensive in the U.S.
• C) U.S. goods will be the same price in Japan.
• D) Japanese goods will be the same price in the U.S.
• E) None of these.

---

Definitions:

Personal Moral Philosophy

An individual's set of beliefs and principles about what is right and wrong, guiding their behavior and decisions.

Abatement

A reduction, decrease, or the lessening in severity or intensity of a legal action, amount, or property value, often related to tax or rent.

Purchase Agreement

A legal document between a buyer and seller outlining the terms and conditions of a transaction or sale of goods, property, or services.

Survey

A drawing of the boundaries of a property prepared by a professional surveyor.