If a Japanese importer could buy $1000 U.S.for 122,000 yen,the rate of exchange for one dollar would be:
A) 112 yen.
B) 122 yen.
C) 1220 yen.
D) 12,200 yen.
Since $1000 = 122,000 yen,$1 = 122,000/1000 = 122 yen.
Correct Answer:
Verified
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