A Train Pass Costs 250 Japanese Yen, and the Yen/dollar

question 23

Multiple Choice

A train pass costs 250 Japanese yen, and the yen/dollar exchange rate is 100. If the dollar appreciates, increasing the yen/dollar exchange, what will happen to the cost of the train pass to an American traveler using dollars?

• A)The price of the pass in dollars will increase.
• B)The price of the pass in dollars will decrease.
• C)The price of the pass in dollars will remain the same.
• D)There is no way of knowing with the given information.

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