If the exchange rate between the Canadian dollar and the Japanese yen is $1 = 200 yen,then the dollar price of yen is:
A)$0.005
B)$0.05
C)$0.50
D)$5.00
E)$0.0005

Name: If the exchange rate between the Canadian dollar and the Japanese yen is $1 = 200 yen,then the dollar price of yen is: A)$0.005 B)$0.05 C)$0.50 D)$5.00 E)$0.0005
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Question

Quizplus · Accepted Answer

The dollar price of yen is calculated as 1 divided by the exchange rate, so 1/200 = $0.005.

If the Exchange Rate Between the Canadian Dollar and the Japanese