Author Question: Given an exchange rate of 120 yen = 1, what is the U.S. dollar price of 1 yen? a. 0.025 b. 0.0083 ... (Read 95 times)

abc

  • Hero Member
  • *****
  • Posts: 543
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
  d. 0.0012
  e. 1

Question 2

The demand for foreign currency in the United States is based on the demand for:
 a. domestic goods and services.
  b. domestic exports.
  c. gold.
  d. foreign goods and services.
  e. U.S. dollars.



kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

b

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

For a complete list of videos, visit our video library