Spot rate: Venkat Ram purchased a pair of dress shoes in Italy for €131.25. If the spot exchange rate is $1.5621/€, what is the dollar cost of the shoes?

Name: Spot rate: Venkat Ram purchased a pair of dress shoes in Italy for €131.25. If the spot exchange rate is $1.5621/€, what is the dollar cost of the shoes?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To convert euros to dollars, we multiply by the exchange rate:
$1.5621/€ x €131.25 = $205.03 
Therefore, the dollar cost of the shoes is $205.03, which is option A.

Spot Rate: Venkat Ram Purchased a Pair of Dress Shoes