In May 1995 When the Exchange Rate Was 80 Yen

question 57

Multiple Choice

In May 1995 when the exchange rate was 80 yen per dollar, Japan Life Insurance Company invested ¥800,000,000 in pure-discount U.S. bonds. The investment was liquidated one year later when the exchange rate was 110 yen per dollar. If the rate of return earned on this investment was 46% in terms of yen, calculate the dollar amount that the bonds were sold at.

• A)$10,618,000
• B)$10,720,000
• C)$14,600,000
• D)none of the above

Comprehend the historical movement toward free trade since World War II.

Understand Adam Smith's views on trade and the rationale behind national economic activities.

Identify historical trends in the net exports (Xn) of the United States.

Compare the population and GDP sizes of the European Union and the United States.

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Definitions:

Rational Ways

Approaches or methods that are based on logic, reasoning, and empirical evidence.

Acculturation

The process of adaptation in which immigrants and native groups identify with a new, dominant culture by learning about that culture and making behavioral and attitudinal changes.

Self-esteem

The personal judgment of worthiness that is expressed in the attitudes the individual holds towards themselves.

Self-actualization

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.