Question 4 (3 points)
When many more international students come to the United States to pursue a bachelor's or a graduate degree, how does this event affect the exchange rate of the US dollar?
1. The US dollar is appreciated.
2. The US dollar is depreciated.
3. It is impossible to determine.
Question 5 (2 points)
In Tokyo, e/$ = 99; in New York, e/$ = 100. Arbitragers will earn profit through
1. buying in Tokyo and selling in New York