On May 11, 2011, it cost 11.601 Mexican pesos to buy 1 U.S.dollar.How many U.S.dollars did it take to buy a Mexican peso?

Question

Quizplus · Accepted Answer

To find how many U.S. dollars it takes to buy 1 Mexican peso, we need to take the reciprocal of the given exchange rate. Reciprocal of 11.601 is approximately 0.086, which means it takes 0.086 U.S. dollars to buy 1 Mexican peso. Rounded to two decimal places, this is $0.09. Therefore, the best choice is D.

On May 11, 2011, It Cost 11