A Japanese importer owes an American exporter $450,520. a. What is her bill in yen if she

Question:

A Japanese importer owes an American exporter $450,520.

a. What is her bill in yen if she pays immediately?

b. What would the bill be if the importer wanted to lock in an exchange rate today but pay in three months?


Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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