If the exchange rate between the U.S. dollar and the Euro is $1.20 per Euro and the exchange rate between the U.S. dollar and the Japanese yet is 120 Yen per dollar, then what is the Euro per Yen exchange rate?

Question

Quizplus · Accepted Answer

To find the Euro per Yen exchange rate, we need to divide the Euro per dollar exchange rate by the Yen per dollar exchange rate.

Euro per Yen = Euro per dollar / Yen per dollar
Euro per Yen = (1 Euro / $1.20) / (120 Yen / $1)
Euro per Yen = 0.0083 Euros / Yen

Therefore, the Euro per Yen exchange rate is 0.0083, which is equivalent to 0.0069 rounded to four decimal places. The answer is C.

If the Exchange Rate Between the U