A US Automobile Dealer Has Ordered a Fleet of Japanese Cars

question 215

Multiple Choice

A U.S. automobile dealer has ordered a fleet of Japanese cars worth 10 million yen. The terms of payment is C.O.D. (cash on delivery) . At the time the order was placed, the exchange rate was 100 yen per U.S. dollar. When the fleet arrived the exchange rate had become 200 yen per U.S. dollar.

• A) This change in the foreign exchange rate will hurt the U.S. importer.
• B) This change in the foreign exchange rate will hurt the Japanese exporter.
• C) This change in the foreign exchange rate will benefit the U.S. importer.
• D) This change in the foreign exchange rate will benefit the Japanese exporter.

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