Question 1 Report
The table shows exchange rate data for two periods.
| Period | Exchange rate: 1 USD = |
|---|---|
| Before | 100 Japanese yen |
| After | 120 Japanese yen |
Before: $50 000 x 100 = 5 000 000 yen. After: $50 000 x 120 = 6 000 000 yen. The yen has depreciated (more yen needed per dollar), making imports from the US more expensive for Japanese firms.
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