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Business, 18.06.2021 04:00 4presidents

A U. S. firm must make a payment of 1 million yen to a Japanese firm that has sold the U. S. firm sets of Japanese baseball-player trading cards. The U. S. firm begins with a dollar checking account. Explain in detail how this payment would be made, including the use of the spot foreign exchange market and banks in both countries.

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A U. S. firm must make a payment of 1 million yen to a Japanese firm that has sold the U. S. firm se...

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