Question

At 6pm on October 23rd you exchange 100 JPY and receive 12.33 GSD

a state the rate you will take and how much you expect to receive?

Answer 1

0.123 GSD are expected to be received by each JPY.

Explanation:

The exchange rate is the ratio of GSD per each JPY, that is:

`x = (12.33\,GSD)/(100\,JPY)`

`x = 0.123\,(GSD)/(JPY)`

Which means that 0.123 GSD are expected to be received by each JPY.