Asked by April Capozzi on Jul 21, 2024
Verified
The current exchange rates show that US$1.00 = €0.7700. If you have $600 US dollars, what is the equivalent amount in euros?
A) €462.00
B) €803.40
C) €779.22
D) €750
E) €450
Exchange Rates
The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.
Euros
The official currency of 19 out of 27 European Union countries, known collectively as the Eurozone.
- Absorb and employ the theories behind converting currencies and analyzing exchange rates.
Verified Answer
SB
Savannah Brock
Jul 22, 2024
Final Answer :
A
Explanation :
To find the equivalent amount in euros, multiply the amount in US dollars by the exchange rate: $600 * 0.7700 = €462.00.
Learning Objectives
- Absorb and employ the theories behind converting currencies and analyzing exchange rates.