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QUESTION 12 You have 1,000,000 and would like Japanese yen. You are quoted the following: dollar-euro exchange rate: $1.60 = 1.00 dollar-yen exchange rate: $1.00

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QUESTION 12 You have 1,000,000 and would like Japanese yen. You are quoted the following: dollar-euro exchange rate: $1.60 = 1.00 dollar-yen exchange rate: $1.00 = 120. Assuming transaction costs are zero, how many yen could you get? 45,208.33 192,000,000 75,000,000 5,208,333

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