The Nominal Exchange Rate Between the Canadian Dollar and the Japanese

question 44

Multiple Choice

The nominal exchange rate between the Canadian dollar and the Japanese yen is 80.It means that

• A)a dollar can buy 80 yen in the foreign exchange market.
• B)a yen can buy 80 cents in the foreign exchange market.
• C)a dollar cay buy about 0.012 yen in the foreign exchange market.
• D)a yen can buy 0.20 cents in the foreign exchange market.

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