The U.S.imports Japanese cars with a domestic price of 5,000,000 yen and the yen/dollar exchange rate is 120 on January 1,2003.On January 1,2004 the yen/dollar exchange rate is 125.What is the dollar price of the cars on January 1,2003? What is the dollar price of the cars on January 1,2004?

Question

Quizplus · Accepted Answer

The Answer of The U.S.imports Japanese cars with a domestic price of 5,000,000 yen and the yen/dollar exchange rate is 120 on January 1,2003.On January 1,2004 the yen/dollar exchange rate is 125.What is the dollar price of the cars on January 1,2003? What is the dollar price of the cars on January 1,2004?

The USImports Japanese Cars with a Domestic Price of 5,000,000 Yen