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    Exam 16: How Exchange Rates Are Determined
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    If a Hotel Room in New York City Costs $200
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If a Hotel Room in New York City Costs $200

Question 62

Question 62

Multiple Choice

If a hotel room in New York City costs $200 a night, and the yen/dollar exchange rate is 100, what is the yen price of the hotel room?


A) ¥20
B) ¥20,000
C) ¥50
D) ¥.5

Correct Answer:

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