11) Which of the following is consistent with the fall of the Mexican peso against the Japanese yen? A) Mexican exports are more expensive in Japan. B) Imports of Japanese goods into Mexico are more expensive. C) Imports of Mexican goods into Japan are more expensive. D) A&B 12) A good time to trade currencies is: A) the "twilight hour," because two major exchanges are open. B) the "twilight hour," because three major exchanges are open. C) could be during the "twilight hour" if you are able to monitor actively, D) never during the "twilight hour." A-3 13) Suppose that the current exchange rate is 1.00 = $1.60. The indirect quote, from the European. perspective is: (Note: 1/1.6 = 0.625) A) 0.625 = $1.00. B) $1.60 = 1.00. C) 1.60 = $1.00. D) none of the options