Assume the hypothetical exchange rates of $1 = 140 yen and 1 Mexican peso = $0.10.We can conclude that:
A)1 yen = 280 pesos
B)1 yen = 14 pesos
C)1 peso = $0.50
D)1 peso = 1400 yen
E)1 peso = 14 yen

Question

Quizplus · Accepted Answer

Given $1 = 140 yen and 1 peso = $0.10, converting 1 peso to dollars gives $0.10, and then converting dollars to yen at the rate of 140 yen per dollar gives 14 yen. Therefore, 1 peso = 14 yen.

Assume the Hypothetical Exchange Rates of $1 = 140 Yen