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= II 9-Let us assume that someone wishes to trade A Kenyan shilling for a Paraguayan guarani (PYG). Someone else...a Mauritanian ouguiya for a Tongan

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= II 9-Let us assume that someone wishes to trade A Kenyan shilling for a Paraguayan guarani (PYG). Someone else...a Mauritanian ouguiya for a Tongan pa'anga. How do similar trades happen? 10-Show me how the following assumptions will impact the foreign exchange market in the bilateral situations described below: a-What happens to the foreign exchange market for Japanese yen () wher incomes in the euro area () increase? b-Interest rates in the euro area increase. Will that impact anything? C-Suppose that the prices of Japanese goods decline relative to the prices European goods. What would happen to the foreign exchange market for the Japanese yen? d- Finally, suppose that the yen depreciates due to the Japanese central bank's actions will that impact trade

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