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How does this change influence the price of the product

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A Japanese company manufactures its products and exports to the United Kingdom. The price for one unit of its product is ¥360,000. The spot rate of the Japanese yen against the British pound has recently changed from ¥160/£ to ¥143/£. How does this change influence the price of the product in British pounds?

Reference no: EM131837749

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