If the Exchange Rate Between the U

question 73

Multiple Choice

If the exchange rate between the U.S. dollar and the Japanese yen were such that one U.S. dollar equals 100 yen, what would be the price in dollars of a Japanese automobile that cost 2,000,000 yen?

• A) $100
• B) $20,000
• C) $120,000
• D) $2,000,000