If the exchange rate is 11 Mexican pesos per U.S dol... - Solved MCQs & Answer

1634EconomicsMedium

If the exchange rate is 11 Mexican pesos per U.S dollar, then it takes ________ to buy 1 peso?

A$0.1002

B$1.1024

C$0.2826

D$0.0909

Correct answer

D. $0.0909

Explanation

The correct answer is $0.0909.

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