Suppose That the Exchange Rate Between the Dollar and Peso

question 88

Multiple Choice

Suppose that the exchange rate between the dollar and peso is that $1 equals 10 pesos. If a firm in Mexico purchases $10,000 worth of U.S. cellphones, how many pesos must the firm exchange for?

• A)100 pesos.
• B)1,000 pesos.
• C)10,000 pesos.
• D)100,000 pesos.
• E)1,000,000 pesos.

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Definitions:

Antagonist

In pharmacology, a substance that blocks or dampens a biological response by binding to and inhibiting the effect of an agonist (the substance that would normally induce that response).

Receptor Sites

Specific locations on the surface of a cell or within the central nervous system where neurotransmitters bind to trigger a response.

Sleep

A naturally recurring state of rest for the mind and body, characterized by altered consciousness and reduced sensory and muscle activity.

Mood

A temporary state of mind or feeling that can affect an individual's perception, behavior, and cognitive functions.