Kizspy | Question: 18 (Choose 1 answer)
Suppose a bank customer with €1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dollar-yen exchange rate is quoted at $1.00 = ¥120. How many yen will the customer get?
A. ¥192,000,000
B. ¥5,208,333
C. ¥75,000,000
D. ¥5,208.33
E. None of the above
