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14 Mar 2019
Read the article:
http://courses.aplia.com/problemsetassets/macro/romer_market_for_foreign_exchange/article.html
According to the article, the yen approached the level of 115 yen to the dollar before the Bank of Japan apparently intervened. The headline says that the yen weakened sharply after the intervention. What was the exchange rate after this intervention?
A. About 112 yen to the dollar
B. About 118 yen to the dollar
C. About 117 yen to the dollar
D. About 110 yen to the dollar
Read the article:
http://courses.aplia.com/problemsetassets/macro/romer_market_for_foreign_exchange/article.html
According to the article, the yen approached the level of 115 yen to the dollar before the Bank of Japan apparently intervened. The headline says that the yen weakened sharply after the intervention. What was the exchange rate after this intervention?
A. About 112 yen to the dollar
B. About 118 yen to the dollar
C. About 117 yen to the dollar
D. About 110 yen to the dollar
16 Mar 2019
