Multiple Choice
Suppose that the exchange rate between the Japanese yen and the Australia dollar is currently ¥60 = $1, then an individual could trade:
A) ¥10 for $0.60.
B) ¥10 for $6.00.
C) ¥10 for $0.17.
D) ¥10 for $0.01.
Correct Answer:
Verified
Correct Answer:
Verified
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