Multiple Choice
Suppose the nominal exchange rate between the yen and the U.S.dollar is 260 yen per U.S.dollar,and that the nominal exchange rate between the Canadian dollar and the U.S.dollar is 1.30 Canadian dollars per U.S.dollar.How many yen would it take to buy a Canadian dollar?
A) 0.005
B) 0.5
C) 200
Correct Answer:
Verified
Correct Answer:
Verified
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