Essay
The U.S.imports Japanese cars with a domestic price of 5,000,000 yen and the yen/dollar exchange rate is 120 on January 1,2003.On January 1,2004 the yen/dollar exchange rate is 125.What is the dollar price of the cars on January 1,2003? What is the dollar price of the cars on January 1,2004?
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January 1,2003: 5,000,000 yen/...View Answer
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