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South Korea and Japan are big trade partners. South Korea's currency is won and Japan's currency is yen. These countries' trade is largely (70-90%) denominated
South Korea and Japan are big trade partners. South Korea's currency is won and Japan's currency is yen. These countries' trade is largely (70-90%) denominated in U.S. dollar. If won depreciates against the yen, the real prices of exports and imports will _____. Group of answer choices not change as most trade is invoiced in the U.S. dollar change in a smaller proportion of the won depreciation change in exactly the same proportion of the won depreciation change in a greater proportion of the won depreciation
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