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Both Sweden and Japan have floating exchange rate systems. Suppose that a newly established trade agreement makes Swedish products more desirable to the Japanese,
Both Sweden and Japan have floating exchange rate systems. Suppose that a newly established trade agreement makes Swedish products more desirable to the Japanese, what impact would this have on the Japanese Yen? The Japanese Yen would appreciate relative to the Swedish Krona. The value of the Japanese Yen would not change. The Japanese Yen would depreciate relative to the Swedish Krona. Devaluation of the Japanese Yen relative to the Swedish Krona. Revaluation of the Japanese Yen
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