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  3. Study Set
    Economics Study Set 7
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    Exam 7: an Introduction to the Foreign Exchange Market and the Balance of Payments
  5. Question
    Given an Exchange Rate of 120 Yen = $1 What
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Given an Exchange Rate of 120 Yen = $1 What

Question 6

Question 6

Multiple Choice

Given an exchange rate of 120 yen = $1 what is the U.S.dollar price of 1 yen?


A) $0.025
B) $0.0083
C) 120 yen
D) $0.0012
E) 0.0083 yen

Correct Answer:

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