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Answer to Question #14946 in 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
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
144 * 1.08 = 155.5
Answer
155.5
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