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On June 1,2004,the Following Foreign Exchange Rates Were Quoted

Question 7

Multiple Choice

On June 1,2004,the following foreign exchange rates were quoted.For 1 U.S.dollar you would receive 8.28 Chinese renminbi,110.64 Japanese yen,11.48 Mexican pesos,29.04 Russian roubles,or 0.544 British pounds.A unit of which country's currency would give you the fewest U.S.dollars?


A) China
B) Japan
C) Mexico
D) Russia
E) Great Britain

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