If the Exchange Rate Between the U

question 18

Multiple Choice

If the exchange rate between the U.S.dollar and Japanese yen changes from $1 = 100 yen to $1 = 90 yen, then

• A)All Japanese producers and consumers will lose.
• B)U.S.auto producers and autoworkers will lose.
• C)U.S.consumers of Japanese TV sets will benefit.
• D)Japanese tourists to the United States will benefit.

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Definitions:

Fraud

Fraud is a deliberate deception practiced to secure unfair or unlawful gain, often at the expense of others.

Credit Card Fraud Act

Legislation that defines credit card fraud and establishes related penalties for such crimes.

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Sanctions or punishments imposed by law for committing a criminal offense, such as fines or imprisonment.

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To revoke, cancel, or repeal a law, order, or agreement.