You have just landed in Paris with $750 in your wallet. At the foreign exchange booth, you see that euros are being quoted at $1.34/€. How many euros can you exchange for your $750?

Question

Quizplus · Accepted Answer

B) €1 = $1.34
Exchange rate in euros per dollar = 1 / (exchange rate in terms of dollars per euros)
So, $1 = 1 / 1.34 = €0.75
So, exchange rate in euros per dollar = €0.75
So, $750 = $750 × €0.75 = €559.70

You Have Just Landed in Paris with $750 in Your