How many Dollars will it take for a U.S.citizen to purchase a Japanese product priced at 60,000 Yen if the indirect exchange rate is yen104/$1?
A)$577
B)$700
C)$5,769
D)$62,400

Question

Quizplus · Accepted Answer

First, we need to convert the Japanese yen to U.S. dollars using the indirect exchange rate given:
60,000 yen / 104 yen per $1 = $576.92
Rounding up to the nearest cent, the answer is $577. Therefore, the best choice is A.

How Many Dollars Will It Take for a U