A bicycle manufactured in the United States costs $100. Using the exchange rates listed in Table 1, what would the bicycle cost in each of the following countries?
What is the price of 1 U.S. dollar in terms of each of the following currencies, given the following exchange rates in table 1?
a. 1 euro $.90
b. 1 Chinese yuan $.12
c. 1 Israeli shekel $.30
d. 1 Kuwaiti dinar $3.20
Table 1 is not attached but here are the calculations based on current ...
This solution discusses exchange rates of the U.S. dollar.