If the direct quote for the exchange rate between the US Dollar ($) and Japanese Yen (Y) is written as $20/Y, then what will be the indirect quote written as: a) 0.05Y/$ b) 0.5Y/$ c) 0.12Y/$ d) 120Y/$

If the direct quote for the exchange rate between the US Dollar ($) and Japanese Yen (Y) is written as $20/Y, then what will be the indirect quote written as: a) 0.05Y/$ b) 0.5Y/$ c) 0.12Y/$ d) 120Y/$

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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