The quote for a Euro in terms of U.S.dollars is $1.1232/€.How many Euros equals one U.S.dollar($) ?
A) €1 equals $1 since there exchange rates are fixed to one another
B) €0.8903 is equal to $1
C) €1.1232 is equal to $1
D) You can not figure this out since both the U.S. dollar and the Euro are floating exchange rates
Correct Answer:
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