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Suppose 144 Yen Could Be Purchased in the Foreign Exchange

Question 100

Multiple Choice

Suppose 144 yen could be purchased in the foreign exchange market for one U.S.dollar today.If the yen depreciates by 13.0% tomorrow,how many yen could one U.S.dollar buy tomorrow?


A) 143.1936
B) 138.3120
C) 175.7376
D) 162.7200
E) 183.8736

Correct Answer:

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