In 1980 the dollar to yen exchange rate was about 00045 in, Ask an Expert

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In 1980 the dollar to yen exchange rate was about $0.0045. In 2007 the yen to dollar exchange rate was about 121 yen per dollar. A Japanese producer would have had to increase the dollar price of a good sold in the U.S. by _____ to maintain the same yen price in 2007.

a. 83.7%

b. 79.5%

c. 65.4%

d. 59.3%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91592259

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