Suppose the nominal exchange rate between the yen and the U.S. dollar is 195 yen per U.S. dollar, and that the nominal exchange rate between the Canadian dollar and the U.S. dollar is 1.30 Canadian dollars per U.S. dollar. How many yen would it take to buy a Canadian dollar?
A) 0.0067
B) 2.54
C) 150
D) 253.5

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The Answer of Suppose the nominal exchange rate between the yen and the U.S. dollar is 195 yen per U.S. dollar, and that the nominal exchange rate between the Canadian dollar and the U.S. dollar is 1.30 Canadian dollars per U.S. dollar. How many yen would it take to buy a Canadian dollar?
A) 0.0067
B) 2.54
C) 150
D) 253.5

Suppose the Nominal Exchange Rate Between the Yen and the U.S