If the Price of Pesos in Dollars Is $0

question 113

Multiple Choice

If the price of pesos in dollars is $0.10,

• A)the price of dollars in pesos is 10.
• B)the price of dollars in pesos is 1.
• C)the price of dollars in pesos is 1/10.
• D)the price of dollars in pesos cannot be determineD.

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Definitions:

Converted

Refers to the change of something from one form or function to another, such as converting securities into another type of financial asset.

Negligent

Failing to take proper care in doing something, which results in harm or damage to someone or something.

Transfer Warranties

Assurances made by a seller to a buyer about the quality, performance, or condition of a good or title being transferred.

Altered

Altered denotes something that has been changed, modified, or adjusted from its original form or state.