If a USimporter Has to Write a $200 Check to Cover a Cover

question 220

Multiple Choice

If a U.S.importer has to write a $200 check to cover a 20,000 yen purchase from Japan,the exchange rate is

• A)200 yen to a dollar.
• B)100 yen to a dollar.
• C)20 yen to a dollar.
• D)10 yen to a dollar.
• E)200 dollars to a yen.

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Definitions:

Retired People

Individuals who have ended their professional careers, typically due to reaching a certain age or fulfilling specific criteria in their employment contract.

Career

The pursuit of a lifelong ambition or the general course of progression towards lifelong goals.

Equally Likely

A term used in probability to describe events that have the same chance of occurring.

Probability

A numerical value representing the chance of an event's occurrence, between 0 and 1, where 0 stands for impossible and 1 for certain.