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In 1985, a Particular Japanese Imported Automobile Sold for 1,476,000

Question 22

Multiple Choice

In 1985, a particular Japanese imported automobile sold for 1,476,000 yen or $8,200. If the car still sells for the same amount of yen today but the current exchange rate is 144 yen per dollar, what is the car selling for today in U.S. dollars?


A) $10,250
B) $12,628
C) $ 8,200
D) $ 5,964
E) $13,525

Correct Answer:

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