Author Question: The Wall Street Journal publishes an exchange rate of US/C = 0.714, where US represents the U.S. ... (Read 257 times)

jman1234 · **on:** Jun 30, 2018

The Wall Street Journal publishes an exchange rate of US/C = 0.714, where US represents the U.S. dollar and C represents the Canadian dollar. What does this mean?
a. The Canadian dollar price of one U.S. dollar is US0.714.
b. The Canadian dollar price of one U.S. dollar is C0.714.
c. The U.S. dollar price of one Canadian dollar is C1.40.
d. The U.S. dollar price of one Canadian dollar is US1.40
e. The U.S. dollar price of one Canadian dollar is US0.714.

Question 2

If the current dollars/peso exchange rate is 0.10 per peso, so that 10 pesos buy you a dollar, then how many dollars do you need to buy something that costs 50 pesos?
a. 50
b. 5
c. 15
d. 0.50
e. 1.50