If the exchange rate between yen and dollars is 120 yen per dollar,when a Canadian purchases a good valued at 600 yen,what is its cost in dollars?

Name: If the exchange rate between yen and dollars is 120 yen per dollar,when a Canadian purchases a good valued at 600 yen,what is its cost in dollars?
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Question

Quizplus · Accepted Answer

To convert yen to dollars, we need to divide the yen amount by the exchange rate.

Cost of the good in dollars = 600 yen ÷ 120 yen/dollar
Cost of the good in dollars = $5

Therefore, the answer is A) $5.

If the Exchange Rate Between Yen and Dollars Is 120