The Following Table Provides Nominal Exchange Rates for the U

question 36

Multiple Choice

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