Question

If the exchange rate between the U.S. dollar and the Japanese yen is $1 = 200 yen, then the dollar price of yen is:
A.$.005.
B.$.05.
C.$.50.
D.$5.

Answer 1

Answer:

• A) $0.005

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The rate is given:

• $1 = 200 yen

Divide both sides by 200 to find the value of a yen:

• 1 yen = $1/200
• 1 yen = $5/1000
• 1 yen = $0.005

This is matching the first choice.