In a Recent Financial Journal, the Exchange Rate Between the Dollar

question 29

Multiple Choice

In a recent financial journal, the exchange rate between the dollar and the Japanese yen (¥) was quoted two ways:

$$\begin{array} { | l | l | } \hline \text {Exchange rate (in dollars) } &\$00764\\\hline \text {Exchange rate (in yen) } & ¥130.89\\\hline\end{array}$$
-Refer to the above data. The number of Japanese yen equivalent to $40,000 on this date is: (rounded to whole ¥)

• A) ¥3,056,000.
• B) ¥5,235,602
• C) Some other amount.
• D) Depends upon whether the item is a receivable or a payable.

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Definitions:

Mesozoic Era

A major subdivision of geologic time from 251 million years ago (Ma) to 65 Ma; characterized by dinosaurs.

Jurassic Period

A geologic period and system that occurred about 201 to 145 million years ago, known for the prevalence of dinosaurs and the breakup of the supercontinent Pangea.

Numeric Age

Geologic age of a rock, sediment, fossil, or event calculated in thousands, millions, or billions of years before present; synonym: absolute age.

Actual Age

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