Bill is attending school in Japan. He has only U.S. dollars but needs to buy food every day. What does Bill need to do? A. Purchase Japanese Yen from a street vendor B. Depend on the local store to exchange his dollars for Yen at a fair rate C. Exchange his dollars for Yen at the current exchange rate D. Attempt to use his U.S. dollars regardless
Social Studies · Middle School · Tue Nov 03 2020
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C. Exchange his dollars for Yen at the current exchange rate
Bill needs to exchange his U.S. dollars for Japanese Yen at the current exchange rate. This can typically be done at banks, currency exchange offices, or other financial institutions. Using local currency is necessary for everyday transactions in a foreign country, as many businesses may not accept foreign currency, and attempting to use U.S. dollars may result in difficulties or unfavorable exchange rates.