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    Macroeconomics Study Set 7
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    Exam 6: An Introduction to the Foreign Exchapterange Market and the Balance of Payments
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    If One US Dollar = 11
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If One US Dollar = 11

Question 86

Question 86

Multiple Choice

If one U.S. dollar = 11.76 Mexican pesos [Ps], then the reciprocal exchange rate is:


A) 1 Ps = $11.76.
B) $1 = Ps 3.92.
C) $1 = Ps 0.008.
D) $1 = Ps 0.085.
E) 1 Ps = $0.085.

Correct Answer:

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