Problem 17-04 Exchange Rate If euros sell for $1.91 (U.S.) per euro, what should dollars sell for in...

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Problem 17-04
Exchange Rate
If euros sell for $1.91 (U.S.) per euro, what should dollarssell for in euros per dollar? Round your answer to two decimalplaces.

Answer & Explanation Solved by verified expert

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If euros sell for $1.91 (U.S.) per euro, then for currency conversion to dollar into euro will be calculated as (1/Rate for Euros per Dollar).

Thus, dollars sell for in euros per dollar = (1/euros sell for US Dollar per euro)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = (1/1.91$) EurosÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = 0.523560209 Euros

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = 0.54 Euros per dollar

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Problem 17-04 Exchange Rate If euros sell for $1.91 (U.S.) per euro, what should dollars sell for in...

Free

70.2K

Verified Solution

Question

Finance

Problem 17-04
Exchange Rate
If euros sell for $1.91 (U.S.) per euro, what should dollarssell for in euros per dollar? Round your answer to two decimalplaces.

Answer & Explanation Solved by verified expert

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Problem 17-04 Exchange Rate If euros sell for $1.91 (U.S.) per euro, what should dollars sell for in...

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70.2K

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Finance

Problem 17-04Exchange RateIf euros sell for $1.91 (U.S.) per euro, what should dollarssell for in euros per dollar? Round your answer to two decimalplaces.

Answer & Explanation Solved by verified expert

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Problem 17-04
Exchange Rate
If euros sell for $1.91 (U.S.) per euro, what should dollarssell for in euros per dollar? Round your answer to two decimalplaces.