Use the following information to answer the following question(s).
Below is an excerpt from Table 19.1,Foreign Exchange Ratrd (January 8,2010)that appears in your text.(Sources The Wall Street Journal and Reuters)

-To buy one Indian Rupee you would need:

Question

Use the following information to answer the following question(s).
Below is an excerpt from Table 19.1,Foreign Exchange Ratrd (January 8,2010)that appears in your text.(Sources The Wall Street Journal and Reuters)
 
-To buy one Indian Rupee you would need:

Quizplus · Accepted Answer

According to the table excerpt, the exchange rate for Indian Rupee is 45.4752 INR per USD. To convert this to cents per INR, we need to invert the rate and multiply by 100: 
1 USD = 45.4752 INR
1 INR = 1/45.4752 USD
1 INR = 0.02199 USD
1 INR = 2.199 cents
Therefore, the answer is A) 2.199 cents.

Use the Following Information to Answer the Following Question(s)