Exchange rates are 0.98 U.S. dollars per Canadian dollar, 150 yen per Canadian dollar, 0.8 euro per Canadian dollar, and 20 pesos per Canadian dollar. A bottle of beer in New York costs 6 U.S. dollars, 1200 yen in Tokyo, 7 euros in Munich, and 100 pesos in Cancun. Which of the following indicates the most expensive beer?

Question

Quizplus · Accepted Answer

To compare the prices, convert each beer price to Canadian dollars:  - New York: 6 USD / 0.98 = 6.12 CAD  - Tokyo: 1200 yen / 150 = 8 CAD  - Munich: 7 euros / 0.8 = 8.75 CAD  - Cancun: 100 pesos / 20 = 5 CAD  Munich has the most expensive beer at 8.75 CAD.

Exchange Rates Are 0