Answered step by step
Verified Expert Solution
Question
1 Approved Answer
24. Suppose the direct foreign exchange rates in U.S. dollars are as listed below. What is the indirect exchange rate for both currencies? 1 Japanese
24.
Suppose the direct foreign exchange rates in U.S. dollars are as listed below. What is the indirect exchange rate for both currencies?
1 Japanese yen = $0.0085
1 Bahrain dinar = $2.651
Group of answer choices
117.6471 Japanese yen and 0.3772 Bahrain dinar respectively
0.3772 Japanese yen and 117.6471 Bahrain dinar respectively
2.651 Japanese yen and 0.3772 Bahrain dinar respectively
0.0085 Japanese yen and 2.651 Bahrain dinar respectively
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started