Use the following to answer questions: Table: Exchange Rates $$\begin{array} { l l l }
\hline \text { Year } & \text { Exchange Rates } & \
\hline 2000 & \text { 1 U.S. } \$ = 0.5 \text { British } £ & 0.4 \text { European } € = 100 \
& \text { Japanese ₹ } & \
2004 & \text { 1 U.S. } \$ = 1.0 \text { British } £ & 0.8 \text { European } € = 200 \
& \text { Japanese ₹ }\\hline
\end{array}$$
-(Table: Exchange Rates) Using the hypothetical exchange rate information for the two years in the table, the price of one Japanese yen in terms of European euros in 2004 was:

Question

Use the following to answer questions: Table: Exchange Rates $$\begin{array} { l l l } 
\hline \text { Year } & \text { Exchange Rates } & \
\hline 2000 & \text { 1 U.S. } \$ = 0.5 \text { British } £ & 0.4 \text { European } € = 100 \
& \text { Japanese ₹ } & \
2004 & \text { 1 U.S. } \$ = 1.0 \text { British } £ & 0.8 \text { European } € = 200 \
& \text { Japanese ₹ }\\hline
\end{array}$$
-(Table: Exchange Rates) Using the hypothetical exchange rate information for the two years in the table, the price of one Japanese yen in terms of European euros in 2004 was:

Quizplus · Accepted Answer

In 2004, 0.8 European € = 200 Japanese ₹, so 1 Japanese ₹ = 0.8/200 = €0.004.

Use the Following to Answer Questions: Table: Exchange Rates -(Table: Exchange Rates) Using the Hypothetical Exchange Rate Information for