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Suppose that the rate of exchange between the Japanese Yen (Y) and the Mexican Peso (Ps) is currently: Y/Ps = 8.0000 This is equivalent to

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Suppose that the rate of exchange between the Japanese Yen (Y) and the Mexican Peso (Ps) is currently: Y/Ps = 8.0000 This is equivalent to which of the following? PS/=8.0000 PS/Y=0.8000 PSY=2.5000 Suppose an American exporter will receive payment in 60 days, in US dollars, for the export of refrigerators he made to Mexico City this morning: The American exporter faces foreign exchange risk. The American exporter does not face foreign exchange risk

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