Did the dollar gain or lose buying power

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Reference no: EM131835405

Question: a. According to Table, how many Japanese yen could you get for 1 dollar on September 2010? Use the currency converter on Yahoo! Finance to find out how many yen you could buy for a dollar today.

b. Given your answer to the previous question, did the dollar gain or lose buying power, in terms of Japanese goods, over this period? (Get this one right: It's crucial to understanding exchange rates.)

c. Repeat parts a and b for one other currency in Table.

Reference no: EM131835405

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