Using an Exchange Rate of ¥88

question 210

Multiple Choice

Using an exchange rate of ¥88.313 per C$, calculate the number of yen that C$900 could be purchased after giving away a commission of 2.5%. Round your answer to nearest yen?

• A) ¥77 495
• B) ¥79 482
• C) ¥81 469
• D) ¥81 520
• E) ¥77 483

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Definitions:

Office of Management

A governmental bureau or department responsible for overseeing the administration and budgeting processes within the public sector, ensuring efficient operation and resources allocation.

Annual Budget

A financial document that projects income and expenditures for a specific year.

Bureau of the Budget

A former agency of the U.S. government responsible for creating and managing the federal budget, now known as the Office of Management and Budget (OMB).

Executive Orders

Directives issued by the President of the United States that have the force of law, often used to manage the operations of the federal government.