The Danish Currency, the Krone, Is Pegged to the Euro

question 206

Multiple Choice

The Danish currency, the krone, is pegged to the euro at a rate of 7.43 kroner (kroner is the plural of krone) to the euro.At the pegged exchange rate, how many euros would be exchanged for one krone?

• A)0.135
• B)1.00
• C)2.48
• D)7.43
• E)74.3

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