The Following Table Provides Nominal Exchange Rates for the U

question 78

Multiple Choice

The following table provides nominal exchange rates for the U.S. dollar. $$\begin{array} { l c c } { \text { Country } } & \text { Foreign currency/dollar } & \text { Dollar/foreign currency } \\\text { Canada (Canadian dollar) } & 1.488 & .672 \\\text { Mexico (peso) } & 9.259 & .108\end{array}$$ 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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