In 2016, the exchange rate changed from 108 yen per U.S. dollar in April to 104 yen
Question:
In 2016, the exchange rate changed from 108 yen per U.S. dollar in April to 104 yen per U.S.
dollar in May, and to 109 yen per dollar in June.
What information would you need to determine the factors that caused these changes in the exchange rate? Which factors would change both demand and supply?
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