How many Yen would you pay to buy 1 ounce of gold if you were quoted the following? XAU/USD 1575.25-75 USD/JPY 96.55-60
A) JPY 152,090
B) JPY 152,139
C) JPY 152,169
D) JPY 152,217

Question

Quizplus · Accepted Answer

To find the cost in Yen, multiply the higher end of the XAU/USD quote (1575.75) by the higher end of the USD/JPY quote (96.60). This gives 1575.75 * 96.60 = 152,217.45, which rounds to JPY 152,217.

How Many Yen Would You Pay to Buy 1 Ounce