Question

Suppose the U.S. dollar substantially depreciates against the Japanese yen. The change in exchange rate Multiple Choice can have significant economic consequences for U.S. firms. can have significant economic consequences for Japanese firms. can have significant economic consequences for both U.S. and Japanese firms. none of the options

Answer 1

can have significant economic consequences for both U.S. and Japanese firms.

Answer: Option C.

Step-by-step explanation:

In finance, an exchange rate is the rate at which one cash will be traded for another. It is additionally viewed as the estimation of one nation's cash according to another money.

Exchange rate is the cost of one money as far as another cash. Depiction: Exchange rates can be either fixed or coasting. It is the floor value that must be followed through on independent of the market cost.