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If the Exchange Rate of U

Question 56

Multiple Choice

If the exchange rate of U.S. dollars for yen is 100.yen to $1 (U.S.) then the exchange rate of yen for U.S. dollars is


A) .01 (1/100) dollars per yen.
B) 99 (100-1) dollars per yen.
C) -.1 (1-1.1) dollars per yen.
D) not knowable from this data.

Correct Answer:

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