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If a Japanese Importer Could Buy $1,000 U

Question 299

Multiple Choice

If a Japanese importer could buy $1,000 U.S. for 122,000 yen, the rate of exchange for one dollar would be

A) 8.19 yen.
B) 122 yen.
C) 820 yen.
D) 1,220 yen.

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