On January 25,2009,one U.S.dollar traded on the foreign exchange market for about 0.75 euros.Therefore,one euro would have purchased about ________ U.S.dollars.

Question

Quizplus · Accepted Answer

To find out how many U.S.dollars one euro would be worth, we need to divide 1 by the exchange rate of 0.75 euros per one U.S.dollar. Therefore, 1 euro = 1/0.75 U.S. dollars, which simplifies to approximately 1.33 U.S.dollars. Thus, the answer is C) 1.33.