If the Exchange Rate of Euros/U.S.dollars Is 2.04/1,then

question 71

Multiple Choice

If the exchange rate of euros/U.S.dollars is 2.04/1,then:

• A) it takes $2.04 to buy each euro.
• B) the euro is worth more than one U.S. dollar.
• C) each euro is worth approximately 49 cents.
• D) 20 cents will purchase one euro.

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