Question: For decades, one British pound has been worth more than one U.S. dollar. One Japanese yen has been worth less than 0.01 U.S. dollar (1

For decades, one British pound has been worth more than one U.S. dollar. One Japanese yen has been worth less than 0.01 U.S. dollar (1 cent). So a pound is more than 100 times as valuable as a yen. Does this difference matter for the British and Japanese economies? Explain.

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