How many euros would you receive for every yen exchanged

Reference no: EM13263389

A currency trader observes that in the spot exchange market, one U.S. dollar can be exchanged for 114.35 Japanese yen or for 1.0611 euros. How many euros would you receive for every yen exchanged?

A.) 107.765
B.) 66.506
C.) 0.034
D.) 0.0093
E.) 213.45

Reference no: EM13263389

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