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What is the dollar price of the cars

Problem: The U.S. imports Japanese cars with a domestic price of 5,000,000 yen and the yen/dollar exchange rate is 120 on January 1, 2003. On January 1, 2004 the yen/dollar exchange rate is 125. What is the dollar price of the cars on January 1, 2003? What is the dollar price of the cars on January 1, 2004?

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Solution Preview :

Prepared by a verified Expert

Microeconomics: What is the dollar price of the cars

Reference No:- TGS01745726

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Risk of a change in exchange rates

Q : Trade deficit between u.s. and japan

Q : Calculate effects of an appreciation and depreciation

Q : Maximum number of new shares of common stock

Q : What is the dollar price of the cars

Q : Price of u.s. goods in japan

Q : Determine the change in the cpi

Q : Purchasing power parity and interest rate parity

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Solution Preview :

Prepared by a verified Expert

Microeconomics: What is the dollar price of the cars

Reference No:- TGS01745726

Recent Questions Asked Microeconomics

Q : Risk of a change in exchange rates

Q : Trade deficit between u.s. and japan

Q : Calculate effects of an appreciation and depreciation

Q : Maximum number of new shares of common stock

Q : What is the dollar price of the cars

Q : Price of u.s. goods in japan

Q : Determine the change in the cpi

Q : Purchasing power parity and interest rate parity

Q : Changes and relation in the exchange rate

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