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The Direct Foreign Exchange Rate in U.S. Dollars is as follows: 1 Japanese Yen = $ 1.34 A. What is the Indirect Exchange Rate for
The Direct Foreign Exchange Rate in U.S. Dollars is as follows:
1 Japanese Yen = $ 1.34
A. What is the Indirect Exchange Rate for the Japanese Yen?
B. How many yen must a Japanese company use to buy goods costing $12,000 from a U.S. company?
C. How many U.S. dollars must be paid to purchase goods costing $12,000 Japanese yen?
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