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    Exam 33: Exchange Rates and the Balance of Payments
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    Assume That $1 Equals 100 Yen (¥)
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Assume That $1 Equals 100 Yen (¥)

Question 206

Question 206

Multiple Choice

Assume that $1 equals 100 yen (¥) . A Japanese visitor to the United States wants to pay her $400 hotel bill. How many yen should she exchange in order to have enough dollars to pay the bill?


A) ¥4
B) ¥40
C) ¥4,000
D) ¥40,000

Correct Answer:

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