If the dollar-euro exchange rate on June 30, 2010, is $1.225 per euro, then the euro-dollar...

Question

Question

If the dollar-euro exchange rate on June 30, 2010, is $1.225 per euro, then the euro-dollar exchange rate would be? Please show work.

A) €2.45 per dollar

B) €0.816 per dollar

C) €1.225 per dollar

D) €1 per dollar

Answer 1

Answer #1

B) €0.816 per dollar

(1 euro = $1.225
So, $1 = 1/1.225 euro = 0.816 euro
Thus, the euro-dollar exchange rate would be €0.816 per dollar)

Answer 2

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