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The exchange rates for USD, JPY (Japanese Yen) and OMR are as follows, USD 8.0000/OMR, JPY 0.0800/USD. Which one of the following is cross rate for JPY/OMR? and if we exchange JPY 20,000, how much OMR we will get?

The exchange rates for USD, JPY (Japanese Yen) and OMR are as follows, USD 8.0000/OMR, JPY 0.0800/USD. Which one of the following is cross rate for JPY/OMR? and if we exchange JPY 20,000, how much OMR we will get?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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15-The exchange rates for USD, JPY (Japanese Yen) and OMR are as follows, USD 8.0000/OMR, JPY 0.0800/USD. Which one of the following is cross rate for JPY/OMR? and if we exchange JPY 20,000, how much OMR we will get? a. JPR 0.54/OMR and OMR 250,000 b. JPR 0.74/OMR and OMR 2,500 c. JPR 0.64/OMR and OMR 31,250 d. None of the options
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