Work the following problem using the tables. Choose the correct answer.
Currency on hand = 100,000 Japanese yen
Currency desired = United States dollars
How many dollars based on Wednesday rate? $
Foreign exchange
NEW YORK (AP)
New York prices.
Tue
France
Greece
Holland
Hong Kong
y India
Indonesia
Iran
x Israel
Italy
Japan
30 day fut.
60 day fut.
90 day fut.
Fgn. currency
in dollars
Wed.
.2301
2312
.0274
.0274
.4576
.4911
.2091
2087
.1290
.1290
.0024
.0024
.0142
.0142
,0542
,0542
.00119
.001193
.00526
.005296
.005297
.005376
005347
.005393
.005367
.005433
Dollar in
fgn. currency
Wed.
4.3450
4.3450
36.45
36.45
2.0500
2.0360
4.7830
4.7925
7.7519
7.7519
415.00
415.00
70.45
70.45
18.46
18.46
840.10
839.00
190.45
188.75
188.78
186.00
187.00
185.40
185.60
164.05
Midday prices at New York & San Francisco banks, gathered by
Bank of America, New York X - Floating y - Official rate.