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Economics
MEDIUM
ENGLISH
Economics
Given a two-country world, suppose Japan devalues the yen by 20 percent and west German devalues the mark by 15 percent This result is a (an)?
A
appreciation in the value of both currencies
Option A
B
depreciation in the value of both currencies
Option B
C
appreciation in the value of the yen against the mark
Option C
depreciation in the value of the yen against the mark
Correct answer
Correct answer: D
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