Well, i think the answer would be : Standardized weight and measures
Standardized weight and measures first developed by the muslim merchants in Cairo. Before this standard, Length was measured by the length of one's body.
For example to measure silk, the usually used the term such as 1 arm length.
The thing is, many traders started to hire shorter people to measure this to gain profit , making exchange often became problematic
hope this helps
Answer:
The Japanese Yen will depreciate relative to the U.S. Dollar
Explanation:
In international trade, appreciation and depreciation of currency are calculated in terms of exports and imports. If exports of a country exceeds it imports, it has trade balance in its favor, and hence, its currency witnesses appreciation. In case of imports exceeding exports, the revers is inevitable.
In this case, Japanese exports will come down compared to its imports while American exports increases, and if this trend continues for a long time, then the dollar will appreciate and Japanese Yen will depreciate.
