Asked by Kaitlynn McEwen on Jul 04, 2024
Verified
Imagine that the exchange rate for trading Shealton Sheas for Rosmanian Ros is 0.75 Ros to 1 Sheas. Given that Sheas is the domestic currency, estimate the exchange rate for trading Sheas to Ros.
A) 0.75 Ros
B) 0.75 Sheas
C) 1 Ros
D) 1 Sheas
Exchange Rate
The exchange rate is the price at which one currency can be exchanged for another currency, affecting international trade and investments by determining how much one country's currency is worth in another's.
Domestic Currency
The currency that is legal tender in a country and used for domestic transactions.
- Comprehend the function and process of currency exchange within the context of global commerce.
Verified Answer
KB
KANDA BALJINDER-SINGHJul 11, 2024
Final Answer :
A
Explanation :
The given exchange rate of 0.75 Ros to 1 Sheas directly indicates the rate for trading Sheas to Ros, which is 0.75 Ros for every 1 Sheas.
Learning Objectives
- Comprehend the function and process of currency exchange within the context of global commerce.