sample exchange rate\n1 u.s. dollar = 0.50 euro\n1 mexican peso = 0.10 u.s. dollar\nin this situation you…

sample exchange rate\n1 u.s. dollar = 0.50 euro\n1 mexican peso = 0.10 u.s. dollar\nin this situation you can conclude that 1 euro would trade for\no 10 mexican pesos\no 5 mexican pesos\no 1 us dollar\no 20 mexican pesos

sample exchange rate\n1 u.s. dollar = 0.50 euro\n1 mexican peso = 0.10 u.s. dollar\nin this situation you can conclude that 1 euro would trade for\no 10 mexican pesos\no 5 mexican pesos\no 1 us dollar\no 20 mexican pesos

Answer

Explanation:

Step1: Find dollars per euro

Given 1 U.S. Dollar = 0.50 Euro, so 1 Euro = $\frac{1}{0.50}$ = 2 U.S. Dollars.

Step2: Find pesos per euro

Since 1 Mexican Peso = 0.10 U.S. Dollar, then 1 U.S. Dollar = 10 Mexican Pesos. And since 1 Euro = 2 U.S. Dollars, 1 Euro = 2×10 = 20 Mexican Pesos.

Answer:

D. 20 Mexican Pesos