Bloomberg Market Concepts (BMC) Practice Exam

Question: 1 / 400

How many Danish crowns (DKK) are required to purchase 100 Japanese yen (JPY)?

4.800

5.360

To determine how many Danish crowns (DKK) are needed to purchase 100 Japanese yen (JPY), one must refer to the current exchange rate between the two currencies. Exchange rates fluctuate based on market conditions, so it is essential to utilize the most recent data available.

If the exchange rate indicates that 1 JPY costs a certain number of DKK, you can simply multiply that exchange rate by the amount of yen you wish to convert, in this case, 100 yen. If the rate shows that 1 JPY equals approximately 0.0536 DKK, then you would multiply 100 JPY by 0.0536 DKK, resulting in about 5.360 DKK.

Thus, if the correct answer is 5.360 DKK, this reflects accurate and current valuation, allowing you to effectively convert currencies based on established exchange rates in the foreign exchange market. This understanding is crucial for anyone dealing in international finance or commerce involving multiple currencies.

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6.000

5.800

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