Steven Converted $1,000 to ¥105,000 for a Trip to Japan

question 110

Multiple Choice

Steven converted $1,000 to ¥105,000 for a trip to Japan. However, he spent only ¥50,000. During this period, the value of the dollar weakened against the yen. Using a current exchange rate of $1 = ¥100, how many dollars does Steven have left?

• A) $550
• B) $523
• C) $450
• D) $600
• E) $500

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Definitions:

Formal Operations

Piaget's theory of cognitive development culminates in this stage, where individuals can reason in a logical, abstract, and organized manner.

Preconventional Morality

Preconventional morality is the first level of Kohlberg's stages of moral development, where moral understanding is based on rewards and punishments.

Menarche

The first occurrence of menstruation in a female, symbolizing the onset of reproductive ability.

Identity

The qualities, beliefs, personality, looks, and expressions that make a person (self-identity) or group (particular social category or social group).