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Question 35 (0.2 points) If the spot rate is quoted as $0.009369/4, what is the exchange rate in terms of yen per dollar? (Ro
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Answer #1

Quoted price = $0.009369 / Japanese Yen

Yen per dollar = 1 / $0.009369 / Japanese Yen

Yen per dollar = Yen 106.7350 / $

So, Yen per dollar is Yen 106.7350 / $

Option '2' is correct

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