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Who would benefit if the exchange rate with yen (in U.S. dollars) increased (i.e. one dollar can buy more yens)?

User Mojoblanco
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1 Answer

5 votes

Answer:

The answer is US consumers

Step-by-step explanation:

Exchange rate is the rate at which a country can exchange its currency with another country’s currency.

An increase in the exchange rate of dollar with Yen discourages the Japanese from buying american goods.

Since US dollar is appreciating in relative to Japanese Yen, US consumers will benefit since they are buying the goods at a now cheaper rate.

User Twid
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