Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question

If an American traveling abroad can obtain 115 euros for $100 U.S, the current euro per $ exchange rate is:

 

a. 0.870 euros/$

b. 1.15 euros/$

c. 115euros/$

d. 1euro/1.15$

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