Question
Toyota manufactures in Japan most of the vehicles it sells in the UK. The base platform for the Toyota Tundra truck line is 670,000. The
Toyota manufactures in Japan most of the vehicles it sells in the UK. The base platform for the Toyota Tundra truck line is 670,000. The spot rate of the Japanese yen against the British pound has recently moved from 140/ to 135/.
A) By how much ( amount) does this change the price of the Tundra in British pounds? Input increase in price as a positive number, decrease as negative.
B) What is the percentage change in the price of the Tundra due to this change in the exchange rate? Input increase in price as a positive number (%), decrease as negative.
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Personal Finance Terms Financial Education Is Your Best Investment
Authors: Thomas Herold
1st Edition
1090822871, 978-1090822871
