If an American traveling abroad can obtain 115 euros for $100 U.S, the current euro per $ exchange rate is:   a. 0.870 euros/$ b. 1.15 euros/$ c. 115euros/$ d. 1euro/1.15$

Managerial Economics: A Problem Solving Approach
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Chapter11: Foreign Exchange, Trade, And Bubbles
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If an American traveling abroad can obtain 115 euros for $100 U.S, the current euro per $ exchange rate is:

 

a. 0.870 euros/$

b. 1.15 euros/$

c. 115euros/$

d. 1euro/1.15$

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