To find the U.S. dollar equivalent of a given amount of Mexican pesos, you would have to know
A) per capita GDP in Mexico.
B) per capita GDP in the United States.
C) per capita GDP in both the United States and Mexico.
D) the foreign exchange rate between dollars and pesos.

Question

Quizplus · Accepted Answer

To find the U.S. dollar equivalent of a given amount of Mexican pesos, one needs to know the foreign exchange rate between the two currencies at that time.

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