The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-How many U.S. dollars does a U.S. importer need to pay for 100,000 yen worth of stereo equipment when the price of 1 yen is $0.008?
A)$125 million
B)$1.25 million
C)$80,000
D)$1,250
E)$800

Question

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2
 
-How many U.S. dollars does a U.S. importer need to pay for 100,000 yen worth of stereo equipment when the price of 1 yen is $0.008?
A)$125 million 
B)$1.25 million 
C)$80,000 
D)$1,250 
E)$800

Quizplus · Accepted Answer

The Answer of The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2
 
-How many U.S. dollars does a U.S. importer need to pay for 100,000 yen worth of stereo equipment when the price of 1 yen is $0.008?
A)$125 million 
B)$1.25 million 
C)$80,000 
D)$1,250 
E)$800

The Figure Given Below Depicts the Foreign Exchange Market for British