-Refer to Table 4

question 48

Multiple Choice

-Refer to Table 4.1, Box B should be filled with

• A)$0.
• B)$1
• C)$100.
• D)$200.

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Definitions:

Fix Exchange Rate

A government or central bank policy of setting the exchange rate of a currency relative to other currencies.

Dollar-Yen Foreign Exchange

The exchange rate between the U.S. dollar and the Japanese yen, indicating how much yen can be exchanged for one U.S. dollar in the foreign exchange markets.

Trade Deficit

An economic condition that occurs when a country imports more goods and services than it exports.

Appreciate

In economic terms, an increase in the value of an asset or currency.