Multiple Choice
Suppose 144 yen could be purchased in the foreign exchange market for one U.S.dollar today.If the yen depreciates by 8.0% tomorrow,how many yen could one U.S.dollar buy tomorrow?
A) 155.5200
B) 163.2960
C) 171.4608
D) 180.0338
E) 189.0355
Correct Answer:
Verified
Correct Answer:
Verified
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