Asked by Amina Shermatova on Jul 04, 2024
Verified
An American consumer wants to buy a Swiss watch.The exchange rate is 1USD=0.89 CHF(Swiss Francs) .The watch costs 100 Swiss Francs.How much would it cost him in dollars?
A) $89
B) $112.36
C) $100
D) $160.82
Exchange Rate
The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.
- Compute the value of merchandise in one currency, considering the exchange rate and its price in a different currency.
Verified Answer
BG
Bailey GrgurichJul 05, 2024
Final Answer :
B
Explanation :
Since the exchange rate is 1 USD= 0.89 CHF, we need to multiply the cost of the watch (100 CHF) by the exchange rate:
100 CHF x 1 USD/0.89 CHF = $112.36
Therefore, the answer is B.
100 CHF x 1 USD/0.89 CHF = $112.36
Therefore, the answer is B.
Learning Objectives
- Compute the value of merchandise in one currency, considering the exchange rate and its price in a different currency.