You're traveling in Ireland and are thinking about buying a new digital camera.You've decided you'd be willing to pay $125 for a new camera,but cameras in Ireland are all priced in euros.If the camera you're looking at costs 115 euros,under which of the following exchange rates would you be willing to purchase the camera? (Assume no taxes or duties are associated with the purchase.)
A)0.56 euros per dollar
B)0.89 euros per dollar
C)0.92 euros per dollar
D)You would purchase the new camera at any of the above exchange rates.

Question

Quizplus · Accepted Answer

To determine if you would purchase the camera, convert $125 to euros using the exchange rate. At 0.92 euros per dollar, $125 equals 115 euros, matching the camera's price.

You're Traveling in Ireland and Are Thinking About Buying a New