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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 61 times)

abc

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  • Posts: 543
on: Jun 30, 2018
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

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  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


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