Exchange rate over time, In the year of 1985, a given

Exchange rate over time

Reference no: EM1345477

In the year of 1985, a given Japanese imported automobile sold for 1,476,000 yen, or $8,200. If the car still sold for same amount of yen today but the current exchange rate is 144 yen per dollar, what would the car be selling for today in U.S. dollars?

(a) $5.964
(b) $8,200
(c) $10,250
(d) $12,628
(e) $13,525

Reference no: EM1345477

Questions Cloud

Advantages in forming strategic alliances : In brief discuss why domestic company desirous of entering foreign markets may see attractive advantages in forming strategic alliances with foreign companies. What are the risks and disadvantages of such alliances?

Support the photon theory rather than wave theory of light : What would be the final temperature of 100g of 16°C water when 107 g of 40°C iron nails are submerged in it? (The specific heat of iron is 0.12 cal/g °C. Here you must equate the heat gained by the water to the heat lost by the nails.)

Determine effect of economic exposure : Longhorn a firm based in Mexico but purchases its materials in Philippines. If the peso strengthens what effect will this have in terms of economic exposure?

Project review or audit : Explain what are some reasons that the project review or audit does not focus on an individual's wrongdoing

Exchange rate over time : In the year of 1985, a given Japanese imported automobile sold for 1,476,000 yen, or $8,200. If the car still sold for same amount of yen today but the current exchange rate is 144 yen per dollar

Flowchart for batch control tape : Design a document flow chart to depict each of given situations. Batch control tape is prepared along with set of transactions to make sure completeness of the data.

Stability-predictability of echange rates : Why is it desirable for exchange rates to be stable and predictable?

Risk proposal for investment : Your corporation has an opportunity to make the major investment in China of $100 million to make offshore manufacturing facility.

Compute the productivity ratios : Howard, Company manufactures carbon graphite fiber shafts for Calloway golf clubs. Past year their average monthly production included 19,000 shafts using 1 shift of 3 technicians working twenty days a month and eight hours a day.

User Account

All Pages