Answer: $3312.4
Step-by-step explanation:
The exchange rate in the rate at which a currency is being converted for another currency in the foreign exchange market. From the question, we are told that Walblue imports a desk from a French manufacturer for sale in its chain of U.S. stores.and that the cost of a desk to Walblue is 3,700 euros (€).
The dollar cost of one of these desks if the exchange rate is currently 1.117 euros per U.S. dollar goes thus:
$1 = €1.117
Therefore, €3700 will be converted to dollars as:
= 3700/1.117
= $3312.4
The answer is $3312.4