If the exchange rate between the U.S. dollar and the Euro is $1.20 per Euro and the exchange rate between the U.S. dollar and the Japanese yet is 120 Yen per dollar, then what is the Euro per Yen exchange rate?
A) 144.00
B) 100.00
C) 0.0100
D) 0.0069

Question

Quizplus · Accepted Answer

To find the Euro per Yen exchange rate, we need to convert both exchange rates to the same currency (either Euro or Yen) and then divide the values.

First, we need to convert the U.S. dollar to Euro: 
1 Euro = $1.20

Next, we need to convert the U.S. dollar to Yen: 
1 dollar = 120 Yen

Now we can divide the Euro exchange rate by the Yen exchange rate to get the Euro per Yen exchange rate:

1 Euro / $1.20 ÷ 120 Yen / $1 = 1 Euro / 120 Yen = 0.0083 Euro per Yen

Rounding this to four decimal places gives us 0.0069. Therefore, the answer is option D.

If the Exchange Rate Between the U