An American computer is priced at $1,350. If the exchange rate between the U.S. dollar and the Mexican peso is $0.057 = 1 peso, approximately how many pesos would a Mexican buyer pay for the computer?
A) 23,853 pesos
B) 239 pesos
C) 135 pesos
D) 2,075 pesos
Correct Answer:
Verified
Q24: Suppose that an American-made pair of pants
Q24: The U.S.dollar has depreciated relative to the
Q25: Suppose a Mexican consumer wants to buy
Q25: If the average income per U.S.worker decreases
Q27: Suppose that the exchange rate between the
Q30: An American computer is priced at $1,350.
Q30: Suppose that prices in the United States
Q35: Suppose that prices in France increase by
Q36: Which of the following exchange rates between
Q38: In a foreign exchange market diagram with
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents