Question

Asked May 2, 2019

30 views

Step 1

The exchange rates are stated as **“Direct Quotation”**.

**Justification:** A direct quotation is the agreement of communicating currency trade regarding units of domestic currency with foreign currency on unit basis.

Step 2

**Calculation of value of Yen can one euro purchase:**

Step 3

**Therefore the value of Yen can one euro purchase is ****¥150.92.**

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