Respuesta :
if Mr. Jones wanted to invest 3,000,000 yen in the Japanese stock market, $20,000 dollars would he need if the exchange rate was $1 for 150 yen.
Given,
Exchange rate for 150 yen in dollars is $1
Total invested amount = 3,000,000
Dollar to exchange for the invested amount = Total invested amount/150
yen
= 3,000,000 / 150
= $20,000
Hence, the exchange rate was $1 for 150 yen in dollars is $20,000.
- A currency's exchange rate is the price at which it will be exchanged for another currency.
- The majority of exchange rates are considered to be "floating," meaning that they can alter according to market supply and demand.
- There are some exchange rates that are fixed or linked to the value of a particular nation's currency.
- Exchange rate fluctuations have an impact on businesses by altering the cost of imported supplies and the demand for their goods from foreign consumers.
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