Ask Question
BusinessBusiness
9 March, 13:17

Which of the following generates a demand for U. S. dollars in the currency market? An American citizen buys Japanese Yen for her trip to Japan. Japanese tourists shop in Barney's of New York A Japanese businesswoman sells her U. S. government bonds. A restaurant in Kansas imports Kobe beef from Japan. Previous Next

+3
Answers (1)
  1. 9 March, 13:33
    0
    The correct answer is b. When japanese tourists shop in New York.

    Explanation:

    If an American citizen buys Japanese yens he is creating demand for Yens.

    When japanese tourists go to shop in New York, they will need US dollars to make payments. They need to exchange their Japanese yens for US dollars.

    The purchase of beef from Japan needs to be paid in Yens, so it will create demand for Yens.

    So they will supply Yens and generate a demand for US dollars.

    Thus, the correct answer is option B.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following generates a demand for U. S. dollars in the currency market? An American citizen buys Japanese Yen for her trip to ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
You are given two choices of investments, Investment A and Investment B. Both investments have the same future cash flows. Investment A has a discount rate of 4%, and Investment B has a discount rate of 5%. Which of the following is true? A.
Answers (1)
For the past couple of months, many employees working at exterior inc. have been quitting their jobs. jason from the human resources department is given the responsibility of analyzing the reasons behind this problem.
Answers (1)
When consumers build up a lot of debt, they may choose to apply for a bill consolidation loan that they can use to pay off their other bills
Answers (1)
A project with an initial cost of $27,600 is expected to generate cash flows of $6,700,$8,800, $9,150, $8,050, and $7,500 over each of the next five years, respectively. What is the project's payback period
Answers (1)
1.) which of the following is not a type of implied warranty recognized by the UCC? A.) Warranty of a good title. B.) Warranty against encumbrances. C.) warranty of age. D.) Warranty of beauty. 2.
Answers (1)
New Questions in Business
Dozen Bakery makes cupcakes and cookies. Dozen gathered the following information for the current year regarding its use of flour and butter (flour is a direct material for cupcakes and butter is a direct material for cookies) : Flour (Direct
Answers (1)
A random sample of 40 students were asked how much money they spent on entertainment in the last week. They spent an average of $28, with a standard deviation of $18. What is the 90% confidence interval for mean amount spent on entertainment?
Answers (1)
Luciana, a nonshareholder, purchases a condominium for her employer for $85,000. The fair market value of the condominium is $120,000. What is Luciana's basis in the condominium and the amount of any income as a result of this purchase?
Answers (1)
Sonny had a contract to paint the rides at an amusement park and needed a paint that would protect against extensive wear, potentially harsh weather, and rust.
Answers (1)
Which of the following is a drawback of doing business with an online bank
Answers (1)
Home » Business » Which of the following generates a demand for U. S. dollars in the currency market? An American citizen buys Japanese Yen for her trip to Japan. Japanese tourists shop in Barney's of New York A Japanese businesswoman sells her U. S. government bonds.
Sign Up Forgot Password?