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Answer to Question #14946 in Other Management for Lynn

Question #14946
Suppose 144 yen could be purchased in the foreign exchange market for one U.S. dollar today. If the yen depreciates by 8.0% tomorrow, how many yen could one U.S. dollar buy tomorrow?
Answer
155.5 yen
144.0 yen
133.5 yen
78.0 yen
72.0 yen
Expert's answer
Solution


144 * 1.08 = 155.5




Answer

155.5

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