Solved

The Following Table Shows the Number of U

Question 72

Multiple Choice

The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between June 1, 2016, and September 1, 2016. Use this table to answer the following questions. The following table shows the number of U.S. dollars required to buy one Mexican peso and the number of U.S. dollars required to buy one Japanese yen between June 1, 2016, and September 1, 2016. Use this table to answer the following questions.   -On August 1,2016,Carlos paid 800,000 Japanese yen for a solid gold iPhone case in Fukushima,Japan.Because he only had Mexican pesos,he needed to exchange his pesos at a nearby bank in order to get the 800,000 yen he used to pay for the iPhone case.The bank is able to buy and sell U.S.dollars,Mexican pesos,and Japanese yen at the exchange rates shown in the table.Approximately how much did the iPhone case cost Carlos in terms of Mexican pesos? A)  8,584 B)  11,333 C)  146,396 D)  171,118 E)  4,371,717
-On August 1,2016,Carlos paid 800,000 Japanese yen for a solid gold iPhone case in Fukushima,Japan.Because he only had Mexican pesos,he needed to exchange his pesos at a nearby bank in order to get the 800,000 yen he used to pay for the iPhone case.The bank is able to buy and sell U.S.dollars,Mexican pesos,and Japanese yen at the exchange rates shown in the table.Approximately how much did the iPhone case cost Carlos in terms of Mexican pesos?


A) 8,584
B) 11,333
C) 146,396
D) 171,118
E) 4,371,717

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions