28
QuizMultiple Choice

Exchanging Currencies Money Markets — Quiz

Question 28 • 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
68 point 9 6 USD
B
34 point 4 8 USD
C
145 point 0 0 USD
D
725 USD
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