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How many yens would a dollar buy tomorrow

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Reference no: EM131318151

Suppose that the exchange rate is 100 yens per dollar. If the yen appreciates 20% against the dollar, how many yens would a dollar buy tomorrow?

a. 95.25 yens

b. 83.33 yens

c. 80 yens

d. 120 yens

e. 125 yens

Reference no: EM131318151

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