Suppose the Exchange Rate in the Year 2014 Was 5

question 62

Multiple Choice

Suppose the exchange rate in the year 2014 was 5 yuan per dollar and in 2015 the exchange rate fell to 4 yuan per dollar.If the price of a Chinese jumper was 120 yuan in both years,the new dollar price in 2015 would be ________ and imports of Chinese jumpers would ________.

• A)$40;decrease
• B)$40;stay the same because the price stayed the same at 120 yuan
• C)$30;increase
• D)$40;increase
• E)$30;decrease

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