Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Arnie is an American teaching English in Japan, and he currently has 55,000
yen in his bank account. If the exchange rate changes from 1 U.S. dollar=
90.77 Japanese yen to 1 U.S. dollar = 91.24 Japanese yen, what happens to
the value in U.S. dollars of the money in Arnie's bank account?

Sagot :

obingere

Answer:

The worth of his bank account in USD would go from $605.93 to $602.81 cents. This is because it due to the change in exchange rates it requires more yen to make up a dollar which would cause it to take more yen to make a dollar. I hope this helps :D

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.