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Tidy Tidy
wrote...
Posts: 4852
9 years ago
If the exchange rate between the Mexican peso and the U.S. dollar expressed in terms of pesos per dollar is 13.5 pesos = 1 dollar, what is the exchange rate when expresses in terms of dollars per peso?
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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2 Replies
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face

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wrote...
9 years ago
 If 13.5 pesos = 1 dollar, then 1 peso = 1 / 13.5 = 0.074 dollars.
wrote...
9 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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