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Question
Suppose one U.S. dollar can purchase 144 yen today in the foreign exchange market. If the yen depreciates by 8.0% tomorrow, how many yen could one U.S. dollar buy tomorrow?a. 155.5 yen
b. 144.0 yen
c. 133.5 yen
d. 78.0 yen
e. 72.0 yen
Answer
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