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Japanese Motors exports cars and trucks to the U.S. Market. On March 9, 2010, its most popular model was selling (wholesale) to U.S. dealers for

Japanese Motors exports cars and trucks to the U.S. Market. On March 9, 2010, its most popular model was selling (wholesale) to U.S. dealers for $20,000. What price must Japanese Motors charge for the same model on Febrary 25, 2013, to realize the same aount (of Japanese yen) as it did in 2010?

Using the table below:

image text in transcribed

Spot Foreign Exchange Rates (Direct Quotes)

TABLE 2.1 Spot Foreign Exchange Rates (Direct Quotes) Exchange Rate (U.S. Dollars) March 9, 2010 February 25, 2013 Country Australia U.K Canada India Japan South Africa Switzerland Euro area Currency Dollar Pound Dollar Rupee Yen Rand Franc Euro $0.9140 $1.4995 S0.9744 $0.02193 0.011113 $0.1354 $0.9299 $1.3600 $1.0258 $1.5165 $0.9745 $0.01845 $0.010891 $0.1129 $1.0728 $1.3062

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