Suppose a car manufactured in Japan in the mid-1980s, when there were 250 yen to the dollar,
Question:
a. What did the car sell for in dollars in the United States in the mid-1980s?
b. What does it sell for now?
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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