Suppose the exchange rate between the Japanese yen and the U.S. dollar is 100 yen per dollar. A Japanese stereo with a price of 60,000 yen will cost:
A. $1,667
B. $600
C. $6,000
D. $100
Answer:B
Suppose the exchange rate between the Japanese yen and the U.S. dollar is 100 yen per dollar. A Japanese stereo with a price of 60,000 yen will cost:
A. $1,667 B. $600 C. $6,000 D. $100