Multiple Choice
Suppose that the current exchange rate between the dollar and peso is $1 equals 10 pesos. If a firm in Mexico wanted to purchase $100,000 worth of U.S. televisions, how many pesos must they exchange?
A) 10,000 pesos
B) 100,000 pesos
C) 1,000,000 pesos
D) 11,000,000 pesos
Correct Answer:
Verified
Correct Answer:
Verified
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