Question

You have accessed the following spot rates:

U.S. dollar per pound = 1.50

Yen per U.S. dollar = 100.0

What is the exchange rate yen per pound?

a. 0.01 yen per pound

b. 0.015 yen per pound

c. 66.67 yen per pound

d. 150 yen per pound

Answer

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