An American Computer Is Priced at $1,350

question 70

Multiple Choice

An American computer is priced at $1,350. If the exchange rate between the U.S. dollar and the Japanese yen is $0.009 per yen, the equivalent price of the computer in yen is approximately __________ yen.

• A)14,960
• B)15
• C)1,500,000
• D)149,600

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Definitions:

Electronic Funds Transfers

Electronic Funds Transfers (EFT) are the digital exchange of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems.

Electronic Funds Transfers

The electronic exchange or transfer of money from one account to another, either within a single financial institution or across multiple institutions.

Bank Reconciliation

The process of comparing a company's bank account balance with its financial records to identify discrepancies and ensure accuracy.

Sign Cheques

The action of signing a check as a means of authorizing a bank to transfer funds from the signer's account.