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Suppose a bank customer with 1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quoted as $1.60/ and
Suppose a bank customer with 1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quoted as $1.60/ and the yen - dollar exchange rate is quoted 100/$. How many yen will the customer get? (Round intermediate steps to four decimal places.)
A) 615,000 B) 62,500,000 C) 6,250 D) 160,000,000
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