Multiple Choice
Assume that the exchange rate between the dollar and the yen is ¥100 = $1. Suppose the exchange rate changes to ¥150 = $1. What is the price in yen of a $200 iPod before and after the exchange rate change?
A) ¥20 000 before; ¥15 000 after
B) ¥20 000 before; ¥30 000 after
C) ¥300 before; ¥150 after
D) ¥300 before; ¥200 after
Correct Answer:
Verified
Correct Answer:
Verified
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