Question

Arnie is an American teaching English in Japan, and he currently has 55,000

yen in his bank account. If the exchange rate changes from 1 U.S. dollar=
90.77 Japanese yen to 1 U.S. dollar = 91.24 Japanese yen, what happens to
the value in U.S. dollars of the money in Arnie's bank account?

Answer 1

The worth of his bank account in USD would go from $605.93 to $602.81 cents. This is because it due to the change in exchange rates it requires more yen to make up a dollar which would cause it to take more yen to make a dollar. I hope this helps :D