Assume that in 1990 a Toyota Corolla sold for 2 016,000 yen in Japan and $8200 in the United States.The car still sells for the same amount of yen today, but the current exchange rate is 112 yen per dollar.So what is the car selling for today in US dollars?
A) $ 14,760
B) $18,000
C) $18,204
D) $9,184
Correct Answer:
Verified
Q82: Which of the following international business activities
Q88: The price of a Big Mac is
Q92: The spot exchange rate for the Thai
Q92: What is meant by interest rate parity?
Q93: Assume that the interest rate in India
Q93: The forward price of currencies can be
Q94: Law of one price is an economic
Q99: Which of the following is a conceptual
Q100: Prices differences of identical items in different
Q100: Purchasing-power parity is a theory that states
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents