The Following Table Shows the Number of U

question 91

Multiple Choice

The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between June 1, 2016, and September 1, 2016. Use this table to answer the following questions.
-On August 1,2016,the price of a jar of pickles was 135 Mexican pesos at a supermarket in Juarez,Mexico.Based on the exchange rates quoted in the table,the price of the jar of pickles was approximately ________ U.S.dollars.

• A) 0.18
• B) 7.31
• C) 7.24
• D) 1,669.14
• E) 1,722.38

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Definitions:

Importer or Exporter

A business or country that buys goods from abroad (importer) or sells goods to foreign countries (exporter).

World Price

The global equilibrium price of a good or service, determined by the worldwide demand and supply.

Importer or Exporter

An importer or exporter refers to a company or individual engaged in the international trading of goods and services, bringing products into or sending products out of a country.

World Price

Global pricing for goods or services, influenced by the interplay of supply and demand on an international scale.