Assume that recently the Japanese yen has fallen with respect to the Australian dollar. Who has been hurt by t?
A Japanese companies that compete with imports from Australia
B. Japanese tourists traveling to Australia
C. Japanese residents with deposits in Australian banks denominated in Australian dollars
D. Japanese companies that export to Australia
The answer is B. They cannot enjoy more Aussie sea foods.
A, it will increase more imports
C, it will gain money when it exchanges back to YEn.
D exports will increase
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