If Foreign Exchange Traders Become Certain That the Value of the Yen

question 32

Multiple Choice

If foreign exchange traders become certain that the value of the yen will rise against the Australian dollar in the future,the likely result is that the:

• A) demand for yen will fall in anticipation.
• B) current value of the yen against the Australian dollar will fall.
• C) current value of the yen against the Australian dollar will rise.
• D) nominal rates in Japan will fall.

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Definitions:

Large Intestine

In vertebrates, the portion of the digestive tract that follows the small intestine. In humans, consists of the cecum, colon, rectum, and anal canal.

Duodenum

First part of the small intestine, where chyme enters from the stomach.

Peptidases

Enzymes that break down peptides into amino acids by cleaving the peptide bonds between amino acids.

Small Intestine

In vertebrates, the portion of the digestive tract that precedes the large intestine. In humans, consists of the duodenum, jejunum, and ileum.