Suppose one U.S. dollar can purchase 144 yen today in the foreign exchange market. If the yen depreciates by 8.0% tomorrow, how many yen could one U.S. dollar buy tomorrow?a. 155.5 yenb. 144.0 yenc. 133.5 yend. 78.0 yene. 72.0 yen

(c) 133.5 yen

Explanation:

Today's foreign exchange rate: $1 can buy 144 yen

If the yen depreciates by 8% tomorrow, the value of the yen would decrease by (0.08×144 = 11.52 yen)

Therefore, tomorrow $1 could buy 132.48 yen (144 yen - 11.52 yen = 132.48 yen)

The closest option is (c)

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Explanation:

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