The Following Table Provides Nominal Exchange Rates for the U

question 85

Multiple Choice

The following table provides nominal exchange rates for the U.S. dollar. $$\begin{array} { | c | c | c | } \hline \text { Cauntry } & \text { Fareign currency/dallar } & \text { Dollar/iareimn currency } \\\hline \text { Carlada (Carudiar dollar) } & 1.488 & 0.672 \\\hline \text { Mexico (peso) } & 9.259 & 0.108 \\\hline\end{array}$$  
Based on these data, the nominal exchange rate equals approximately ________ pesos per Canadian dollar or, equivalently, ________ Canadian dollars per peso.

• A)0.672; 1.488
• B)9.259; 0.108
• C)6.222; 0.161
• D)7.771; 0.129

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Definitions:

Reduced

A term often used to describe a decrease or diminution in size, quantity, or intensity.

35%

A percentage representing thirty-five parts out of a hundred.

Euro

The recognized monetary unit of the eurozone, utilized by 19 out of the 27 member states of the European Union.

Partnership Agreement

A legal document outlining the terms, conditions, and obligations of each partner in a business partnership.