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Consider a luxury car that you can buy in the USA for $80,000 and in Japan for 8,000,000 yen. The current exchange rate is 100
Consider a luxury car that you can buy in the USA for $80,000 and in Japan for 8,000,000 yen. The current exchange rate is 100 yen per dollar. Carefully following all numeric instructions, calculate the real exchange rate. Round your answer to two decimal places as necessary. Enter only numbers, a decimal point, and/or a negative sign as needed in your answer.
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