Suppose the exchange rate is $0.01 per ¥ 1. A SONY television selling for ¥ 30,000 in Tokyo would be sell for ____ in New York.

Name: Suppose the exchange rate is $0.01 per ¥ 1. A SONY television selling for ¥ 30,000 in Tokyo would be sell for ____ in New York.
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Given the exchange rate of $0.01 per ¥1, to find the equivalent price in dollars for a ¥30,000 television, you multiply 30,000 by 0.01, which equals $300.

Suppose the Exchange Rate Is $0