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    Principles of Macroeconomics Study Set 7
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    Exam 11: Exchange Rates and the Balance of Payments
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    If the Exchange Rate Between the Canadian Dollar and the Mexican
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If the Exchange Rate Between the Canadian Dollar and the Mexican

Question 38

Question 38

Multiple Choice

If the exchange rate between the Canadian dollar and the Mexican peso is $1 per 10 pesos,then what is the price of 1 peso in Canadian terms?


A) $0.01.
B) $0.1.
C) $10.
D) $0.001.
E) $100.

Correct Answer:

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