If the Exchange Rate Between the U

question 122

Multiple Choice

If the exchange rate between the U.S.dollar and the Japanese yen is $1 = 200 yen,then the dollar price of the yen is:

• A) $.005.
• B) $.05.
• C) $.50.
• D) $5.
• Since $1 = 200 yen,1 yen = $1/200 = $.005.