Suppose That the Current Exchange Rate Between the Dollar and Peso

question 150

Multiple Choice

Suppose that the current exchange rate between the dollar and peso is $1 equals 10 pesos. If a firm in Mexico wanted to purchase $100,000 worth of U.S. televisions, how many pesos must they exchange?

• A) 10,000 pesos
• B) 100,000 pesos
• C) 1,000,000 pesos
• D) 11,000,000 pesos

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