How many Dollars will it take for a U.S.citizen to purchase a Japanese product priced at 60,000 Yen if the indirect exchange rate is 104/1?
A)$577
B)$700
C)$5,769
D)$62,400

Name: How many Dollars will it take for a U.S.citizen to purchase a Japanese product priced at 60,000 Yen if the indirect exchange rate is 104/1? A)$577 B)$700 C)$5,769 D)$62,400
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Question

Quizplus · Accepted Answer

To find the cost in dollars, divide the price in Yen by the exchange rate: 60,000 Yen / 104 = $577.

How Many Dollars Will It Take for a U