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Question 2 1. Suppose a Japanese car sells for 10,000,000 yen in Japan. If the current yen/dollar exchange rate is 100 yen = 1 U.S.

Question 2

1. Suppose a Japanese car sells for 10,000,000 yen in Japan. If the current yen/dollar exchange rate is 100 yen = 1 U.S. dollar, what would be the cost of the car in U.S. dollars if it is imported into the United States? Show your work. (2 points) 10 0 yen / I U. S. Dollar = lyen = 0.01 U. S. Dollar 10,000,000 yen . 80.01 / yen = #100, 000 2. The above exchange rate is the dollar price of yen. Using that same exchange rate, what would be the yen price of dollars? (1 point)

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