Assume the exchange rate is 1.05 Swiss francs per U.S.dollar.How many U.S.dollars are needed to purchase 1,250 Swiss francs?

Question

Quizplus · Accepted Answer

To find out how many U.S. dollars are needed to purchase 1,250 Swiss francs, we can use the following formula:

U.S. dollars = Swiss francs ÷ Exchange rate

Plugging in the given values, we get:

U.S. dollars = 1,250 ÷ 1.05

U.S. dollars = 1,190.48

Therefore, the answer is B.

Assume the Exchange Rate Is 1