Foreign exchange market for one us dollar today, Accounting Basics

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Foreign exchange market for one us dollar today

Task:

Suppose 81 yen could be purchased in the foreign exchange market for one U.S. dollar today. If the yen depreciates by 15.0% tomorrow, how many yen could one U.S. dollar buy tomorrow?

89.4240
99.6705
101.5335
93.1500
95.9445

Note: Provide support for rationale.

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Accounting Basics: Foreign exchange market for one us dollar today

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Accounting Basics: Foreign exchange market for one us dollar today

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