Directions: Use the information in Table 1 to answer questions 1-3. Table 1: How much does $1 (ie., sometimes abbreviated USD) buy in each of these currencies for the month of January and the month of March? Name of Country Exchange Rate Exchange Rate January March $1 = $1 = Polish Zloty 4.50 4.08 Mozambique Meticals 62.50 66.00 Albanian Lek 109.08 111.60 Australian Dallar 1.85 1.67 1. If you knew the price of an item such as a hamburger combo meal in Polish Zlotys, howwould you determine how many dollars you would need to buy it? Provide a possible equation below: you could divide 4.50, that will equal $1. A hamburger meal in Polish Zloty would cost you $4.50. To do this, you divide the exchange rate by $1.

Directions: Use the information in Table 1 to answer questions 1-3. Table 1: How much does $1 (ie., sometimes abbreviated USD) buy in each of these currencies for the month of January and the month of March? Name of Country Exchange Rate Exchange Rate January March $1 = $1 = Polish Zloty 4.50 4.08 Mozambique Meticals 62.50 66.00 Albanian Lek 109.08 111.60 Australian Dallar 1.85 1.67 1. If you knew the price of an item such as a hamburger combo meal in Polish Zlotys, howwould you determine how many dollars you would need to buy it? Provide a possible equation below: you could divide 4.50, that will equal $1. A hamburger meal in Polish Zloty would cost you $4.50. To do this, you divide the exchange rate by $1.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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