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If a Japanese Importer Could Buy $1,000 U

Question 31

Multiple Choice

If a Japanese importer could buy $1,000 U.S. for 111,000 yen, the rate of exchange for one dollar would be


A) 111 yen.
B) 900 yen.
C) 1,110 yen.
D) 9.01 yen.

Correct Answer:

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