5
QuizMultiple Choice

Exchanging Currencies Money Markets — Quiz

Question 5 • Financial Math

If the exchange rate is 1 USD = 145 JPY (Japanese yen), how many US dollars are needed to obtain 5,000 JPY without a transaction fee? Select the correct amount.

Answer
A
34 point 4 8 USD
B
68 point 9 6 USD
C
725 USD
D
145 point 0 0 USD
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If the exchange rate is 1 USD = 145 JPY…