Exercise
Answer the following questions.
1. In international trade, goods and services are generally priced in _____.
2. American Japanese Equity Investments, a U.S. mutual fund, owns shares in a broad index of Japanese companies. Assuming that the Japanese stock market falls, what would a U.S. investor in the fund prefer: the U.S. dollar to have appreciated or depreciated?
3. American Japanese Equity Investments has two sister funds that invest in Japanese bonds. Fund A he
