Suppose That the Exchange Rate Between the Japanese Yen and the Australia

question 133

Multiple Choice

Suppose that the exchange rate between the Japanese yen and the Australia dollar is currently ¥60 = $1,then an individual could trade

• A) 10 yen for $0.60.
• B) 10 yen for $6.00.
• C) 10 yen for $0.17.
• D) 10 yen for $0.01.

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