Relatively low currency on foreign exchange markets

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Reference no: EM131136640

Suppose a country such as Japan has had a relatively low currency on foreign exchange markets for many years. Now, for the last 10 years or so, the country has seen its currency appreciate against other major trading currencies. Firms in the country should

A) be unaffected if they have been there for more than 10 years

B) see profits rise as a result of the currency appreciation

C) move manufacturing to other locations

D) should expand domestic operations

Reference no: EM131136640

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