If we know that the exchange rate is 0.8 dollars per euro,then we know that the exchange rate of euros per dollars is
A) 0.8
B) 1.8
C) 1.25
D) less than 1.0
E) 5

Name: If we know that the exchange rate is 0.8 dollars per euro,then we know that the exchange rate of euros per dollars is A) 0.8 B) 1.8 C) 1.25 D) less than 1.0 E) 5
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Question

Quizplus · Accepted Answer

The exchange rate of euros per dollar is the reciprocal of dollars per euro. So, 1 / 0.8 = 1.25 euros per dollar.

If We Know That the Exchange Rate Is 0