Chat with AI
Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 43
Use the exchange rates listed in Figure 6 of the chapter to find how much it would cost in U.S. dollars and cents to make the purchases listed in problems 1 through 4.
F igure 6
Exchange Rates: Foreign Currency per American Dollar, January 12, 2013
How many Mexican pesos would you get for a dollar? You would get 12.2 pesos. Can you figure out how many dollars (actually how many cents) you would get for a peso? You would get 8.2 cents. Exchange rates fluctuate from minute to minute, and they are usually calibrated to hundredths, or even thousandths of a cent.
Source: The Federal Reserve, www.federalreserve.gov.
A Toyota Corolla priced at 1.4 million yen.
F igure 6
Exchange Rates: Foreign Currency per American Dollar, January 12, 2013
How many Mexican pesos would you get for a dollar? You would get 12.2 pesos. Can you figure out how many dollars (actually how many cents) you would get for a peso? You would get 8.2 cents. Exchange rates fluctuate from minute to minute, and they are usually calibrated to hundredths, or even thousandths of a cent.
Source: The Federal Reserve, www.federalreserve.gov.
A Toyota Corolla priced at 1.4 million yen.
Explanation
Verified
Verified
Using the given exchange rate, it is req...
Macroeconomics 11th Edition by Stephen Slavin
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
