The Exchange Rate Between Yen and Dollars at One Point

question 162

Multiple Choice

The exchange rate between yen and dollars at one point in 2010 was 83 yen per dollar.If a Big Mac, fries, and a Coke cost $3.91 in San Francisco, how much should the same order cost in yen in Osaka?

• A)0.03
• B)325
• C)392
• D)422

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Definitions:

Equivalent Interest

A term used in finance to describe an interest rate that may have been adjusted to reflect compounding over a different period than the one originally stated.

Equivalent Interest

An interest rate or yield that makes two financial instruments with different payment structures equally valuable.

Nearest 0.01%

A method of rounding numbers to the closest hundredth of a percent.

Coffee Fund

Informally refers to a pool of money collected for buying coffee or sometimes used as a casual fund for small group expenses.