Scenario: Sally goes to Japan
Sally Johnson has identified a market for her company's products in Japan. She is excited about expanding her company, but knows she needs to learn how the foreign exchange market works before she can successfully sell her products abroad.
-If Sally knows that ¥117.87/$, she also knows that ________.

Question

Quizplus · Accepted Answer

To find the exchange rate in terms of dollars per yen, you take the reciprocal of ¥117.87/$, which is approximately $.008484/¥.

Scenario: Sally Goes to Japan