Question

When Ted Giovanni was preparing for his trip to Brazil, he found that he could go to his bank and trade his 10 U.S. dollars for 37.11 Brazilian real (the nation's currency). In this instance, the _____ was one U.S. dollar to 3.711 Brazilian real.

Answer 1

The exchange rate in this instance is 1 U.S. dollar to 3.711 Brazilian real. To calculate the exchange rate, divide the amount of Brazilian real by the amount of U.S. dollars.

Step-by-step explanation:

The exchange rate in this instance is 1 U.S. dollar to 3.711 Brazilian real. This means that for every 1 U.S. dollar, Ted Giovanni can get 3.711 Brazilian real. To calculate the exchange rate, divide the amount of Brazilian real by the amount of U.S. dollars. In this case, 37.11 Brazilian real divided by 10 U.S. dollars equals 3.711.