Asked by Daisy Cheng on May 28, 2024
Verified
Suppose a U.S. dollar exchanges for 0.8 euros, then each euro is worth
A) $1.25.
B) $1.20.
C) $0.80.
D) $0.20.
Euros
The European Union's official currency, used by 19 of the 28 EU member countries, known collectively as the Eurozone.
U.S. Dollar
The U.S. Dollar is the official currency of the United States, widely used as a benchmark in global financial markets.
- Learn the repercussion of exchange rates on merchandise pricing in different monetary units.
Verified Answer
RN
Rylee NicoleMay 31, 2024
Final Answer :
A
Explanation :
If 1 U.S. dollar exchanges for 0.8 euros, then to find out how much 1 euro is worth in U.S. dollars, you divide 1 by 0.8, which equals 1.25. Therefore, each euro is worth $1.25.
Learning Objectives
- Learn the repercussion of exchange rates on merchandise pricing in different monetary units.