Answered: During your visit at Europe, you see a…

During your visit at Europe, you see a nice souvenir that costs 30 euro. The exchange rate is : 1 Euro 1.1771 U.S. Dollar Or 1 U.S. Dollar=0.8496 Euro How much does it cost in U.S. dollars?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter36: Exchange Rates And Financial Links Between Countries

Section: Chapter Questions

Problem 12E

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During your visit at Europe, you see a nice souvenir that costs 30 euro. The exchange rate is :
1 Euro 1.1771 U.S. Dollar
Or 1 U.S. Dollar 0.8496 Euro
How much does it cost in U.S. dollars?
30* 1.1771
30* 0.8496
30/1.1771
N

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