Credit Sprint / Practice problems / Exchange rate conversions

Exchange rate conversions practice problems

Macroeconomics Unit 6. Try each one, then open the worked solution. The Credit Sprint app generates unlimited new versions with fresh numbers.

Problem 1.

$1 trades for 125 yen. A U.S. product costs $20. How many yen does it cost a buyer in Japan?

Show solution

$20 × 125 = ¥2,500.

Problem 2.

$1 trades for 125 yen. A U.S. product costs $55. How many yen does it cost a buyer in Japan?

Show solution

$55 × 125 = ¥6,875.

Problem 3.

$1 trades for 80 yen. A U.S. product costs $16. How many yen does it cost a buyer in Japan?

Show solution

$16 × 80 = ¥1,280.

Problem 4.

$1 trades for 100 yen. A U.S. product costs $29. How many yen does it cost a buyer in Japan?

Show solution

$29 × 100 = ¥2,900.

Problem 5.

$1 trades for 120 yen. A U.S. product costs $15. How many yen does it cost a buyer in Japan?

Show solution

$15 × 120 = ¥1,800.

Problem 6.

$1 trades for 80 yen. A U.S. product costs $50. How many yen does it cost a buyer in Japan?

Show solution

$50 × 80 = ¥4,000.