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    Exam 6: An Introduction to the Foreign Exchapterange Market and the Balance of Payments
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    Given an Exchange Rate of 120 Yen = $1, What
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Given an Exchange Rate of 120 Yen = $1, What

Question 49

Question 49

Multiple Choice

Given an exchange rate of 120 yen = $1, what is the U.S. dollar price of 1 yen?


A) $0.025
B) $0.0083
C) $120
D) $0.0012
E) $1

Correct Answer:

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