In January, the exchange rate between the South Korean won and the US dollar was KWN 1,100
Question:
In January, the exchange rate between the South Korean won and the US dollar was KWN 1,100 = USD 1. Three months later, the exchange rate was KWN 1,200 = USD 1. This means that ________.
a. It will cost US companies more to purchase raw materials from South Korea
b. It will cost Korean companies more to purchase raw materials from the United States
c. US companies that sell their products in South Korea will find their revenue has increased
d. Korean companies that sell their products in the United States will find that their revenue has decreased
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