Asked by Jeffrey Morales on Jun 19, 2024
Verified
The exchange rate between the U.S.dollar and the Japanese yen change
A) every five years.
B) on a yearly basis.
C) on a monthly basis.
D) at times from one minute to the next.
Exchange Rate
The amount one currency is worth when exchanged for another.
- Acknowledge the change towards an unpegged exchange rate system and its relevance.
- Assess how variations in the valuation of currency affect the balance of the current account.
Verified Answer
ML
Maddie LivvixJun 20, 2024
Final Answer :
D
Explanation :
The exchange rate between the U.S. dollar and the Japanese yen is known to change frequently, at times even from one minute to the next due to market fluctuations, economic and political events, and changes in monetary policies. Thus, choice letter D is the best answer.
Learning Objectives
- Acknowledge the change towards an unpegged exchange rate system and its relevance.
- Assess how variations in the valuation of currency affect the balance of the current account.