Express the exchange rate directly

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Reference no: EM132012880

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: EM132012880

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