If an American traveling abroad can obtain 115 euros for $100 U.S. the current euro per $ exchange rate is:

Name: If an American traveling abroad can obtain 115 euros for $100 U.S. the current euro per $ exchange rate is:
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Question

Quizplus · Accepted Answer

The exchange rate is expressed as euros per dollar, so we need to invert the given ratio of dollars per euro.

$100 U.S. / 115 euros = 0.8696 dollars per euro

Rounding to two decimal places, the exchange rate is 1.15 euros per dollar, which is answer choice B.

If an American Traveling Abroad Can Obtain 115 Euros for $100