Question

Suppose the U.S.​ dollar-euro exchange rate is 1.11.1 dollars per​ euro, and the U.S.​ dollar-Mexican peso rate is 0.10.1 dollars per peso. What is the​ euro-peso rate? nothing euros per Mexican peso. ​ (Enter your response rounded to three decimal​ places.)

Answer 1

Step-by-step explanation:

According to the given data we have the following:

1 euro=1.11 dollars

1 peso=0.10 dollars

Hence, 11.10 peso=1.11 dollares

So, 1 euro=11.10 peso

Therefore, 1/11.10 euro=1 peso

0.09009 euro=1 peso

The​ euro-peso rate is 0.09009 euro=1 peso