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11 April, 08:47

Suppose the U. S. dollar-euro exchange rate is 1.11.1 dollars per euro, and the U. S. dollar-Mexican peso rate is 0.10.1 dollars per peso. What is the euro-peso rate? nothing euros per Mexican peso. (Enter your response rounded to three decimal places.)

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  1. 11 April, 12:33
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    According to the given data we have the following:

    1 euro=1.11 dollars

    1 peso=0.10 dollars

    Hence, 11.10 peso=1.11 dollares

    So, 1 euro=11.10 peso

    Therefore, 1/11.10 euro=1 peso

    0.09009 euro=1 peso

    The euro-peso rate is 0.09009 euro=1 peso
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