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Which of the following is a correct statement? If a foreign currency depreciates, that country's goods and services become relatively more expensive for U.S. buyers

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Which of the following is a correct statement? If a foreign currency depreciates, that country's goods and services become relatively more expensive for U.S. buyers if the dollar is initially worth 120 yen and then the exchange rate changes so that the dollar is now worth 115 yen, the value of the yen has appreciated. of the U.S. has inflation of 3% and Europe has inflation of 5%, the value of the euro should increase, ceteris paribus O AUS, bank has made E12 million worth of loans and 10 million worth of deposits in Britain. The bank would benent from a drop in the value of the pound against the dollar. A country with lower interest rates than another country is likely to see its currency depreciate if parity holds

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