If the Exchange Rate Between the U

question 73

Multiple Choice

If the exchange rate between the U.S. dollar and the Japanese yen were such that one U.S. dollar equals 100 yen, what would be the price in dollars of a Japanese automobile that cost 2,000,000 yen?

• A) $100
• B) $20,000
• C) $120,000
• D) $2,000,000

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Definitions:

Bankruptcy

A legal process through which individuals or entities unable to meet their financial obligations can seek relief from some or all of their debts.

Unemployment

The situation of being without a job despite searching for work, reflecting the inability of an economy to generate enough jobs for its workforce.