(solution) one component of learning about another country or region is to

(solution) one component of learning about another country or region is to

one component of learning about another country or region is to understand the relationship of its currency with others on the world currency market. As such you are assigned the duty of ensuring the availability of 1 000 000 yen for a payment scheduled for next month. Considering that your company possesses only US dollars, identify the spot and exchange rates. What are the factors that influence your decision to use each? Which one would you choose? How many dollars must you spend to acquire the amount of yen required.