Asked by Karen Macauley on May 08, 2024
Verified
If the exchange rate between the U.S. dollar and the Japanese yen is $1 = 250 yen, then the dollar price of yen is
A) $0.004.
B) $4.
C) $0.40.
D) $0.04.
Exchange Rate
The value of one country's currency in terms of another currency.
- Compute and analyze exchange rates, as well as understand their real-world consequences for global transactions.
Verified Answer
VK
veerpal kaur bhullarMay 15, 2024
Final Answer :
A
Explanation :
The dollar price of yen is calculated as 1 divided by the exchange rate, so $1 / 250 yen = $0.004.
Learning Objectives
- Compute and analyze exchange rates, as well as understand their real-world consequences for global transactions.
Related questions
If an American Can Purchase 30,000 British Pounds for $105,000 ...
In One Year the United States Had a Current Account ...
While on Vacation in Europe You Notice That a Tablet ...
While Vacationing in Turkey You See a Rug You Consider ...
If an American Can Purchase 40,000 British Pounds for $90,000 ...