If a U.S.importer has to write a $200 check to cover a 20,000 yen purchase from Japan,the exchange rate is

Question

Quizplus · Accepted Answer

To convert yen to dollars, we need to divide yen by the exchange rate. Therefore, 20,000 yen divided by the unknown exchange rate equals $200. Solving for the exchange rate, we get: 20,000 yen ÷ x = $200. Rearranging the equation, we get: x = 20,000 yen ÷ $200 = 100 yen to a dollar. Therefore, the correct answer is B.

If a USimporter Has to Write a $200 Check to Cover a Cover