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Exchange Rates and Dollar Price of Japanese Cars

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The U.S. imports Japanese cars with a domestic price of 5,000,000 yen and the yen/dollar exchange rate is 120 on January 1, 2003. On January 1, 2004 the yen/dollar exchange rate is 125. What is the dollar price of the cars on January 1, 2003? What is the dollar price of the cars on January 1, 2004?

© BrainMass Inc. brainmass.com September 24, 2018, 3:19 pm ad1c9bdddf - https://brainmass.com/economics/exchange-rates/exchange-rates-dollar-price-japanese-cars-383895

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The U.S. imports Japanese cars with a domestic price of 5,000,000 yen and the yen/dollar exchange rate is 120 on ...

Solution Summary

Japanese cars and exchange rate calculations.

$2.19