Assume italy is home country-express exchange rate directly

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Reference no: EM131498017

Suppose a Japanese businessman wants to purchase Italian shoes priced at 450 euros. He has on him 63,657 Japanese Yen, which he believes is the price of the Italian shoes. Assume Italy is the home country, express the exchange rate directly. (Note Italy is a member of the Eurozone and so uses the euro as legal tender)

Reference no: EM131498017

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