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:

Continuously

Occurring without interruption or cessation.

Discontinuously

In a manner that is not continuous or consistent; occurring in separate parts or intervals.

Social Learning

The theory that people learn from one another through observation, imitation, and modeling, situated in a social context.

Psychoanalytic

Pertaining to the theory and method of psychology which emphasizes unconscious motivations and conflicts as determinants of behavior.