Question: I need help understanding how to solve this question. I know that the answer is D, but I don't understand why you aren't supposed to

I need help understanding how to solve this question. I know that the answer is D, but I don't understand why you aren't supposed to divide .85 into 98. Please explain the logic behind how to solve for the correct answer. How do you determine which value goes into the numerator and which goes into the denominator? Thank you.

Assume that $1 is equal to .85 euros and 98 yen. The value of yen in euros is:

A. .01

B. 118

C. 1.18

D. .0087

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

i need help understanding how to solve this question. I know that the answer is D, but I don't understand why you aren't supposed to divide .85 into 98. Please explain the logic behind how to solve...

Hi--I need help understanding how to do the math in the excel link listed below. That is all I need. I want to understand the math and HOW to solve the question. I know I have to do a Z Test. Perform...

Needed help in Part B Case Study, question 1&2. Regards ASSIGNMENT QUESTIONS Answer ALL questions Due date: Value: Monday 4 April, 2016 15% Rationale This assignment covers Weeks 1 - 10, and builds...

Read carefully. I don't need the AOA Network Diagram. I need to know how to do this in Microsoft Project and explaining about Project X's Schedule. Don't take this question to draw a diagram. I need...

look into the transcription of the videos that we coded for the Dominance project and identify if there are any errors (grammar and spelling and etc): 1673015005057.mp4 Baseline 181 Baseline181 Hi,...

This paper should include 3-5 pages of content with an additional cover and reference page. This is a total of 5-7 pages. Please be aware that a properly formatted page will include approximately 350...

PLEASE READ CAREFULLY THE CASE STUDY PROVIDED AND FEEL FREE TO ADD HERE YOUR COMMENTS FOR EXAMPLE LIKES DISLIKES WORDS OR PHRASES YOU DO NOT UNDERSTAND ANY COMMENTS THAT WILL IMPROVE THE DIALOGUE...

I need help in understanding and constructing a Scope Table with most critical scenarios, 2. LEF Table, 3. Primary Loss Table, 4. SLEF Table, 5. Secondary Loss Table for this: Inappropriate access...

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

Need help with these multiple choice questions for internal audit final exam. Due in 2 hours. QUESTION 1 RsQ_004Without management direction and assumption of responsibility, it would be...

ASE Malaysia is part of Advanced Semiconductor Engineering (ASE) Group, the worlds largest provider of independent semiconductor manufacturing services in assembly and test based in Penang, Malaysia....

If the price of gasoline is $ 4.00 per gallon and the price elasticity of demand is 0.4, how much will a 10 percent reduction in the quantity placed on the market increase the price? Will total...

Which of the statements about scheduled personal property endorsements to the HO policy is ( are ) TRUE ? I. Which of the statements about scheduled personal property endorsements to the HO policy is...

The topic sentence usually appears first in the paragraph. false true

5.92 An ambulance service receives an average of 15 calls per day during the time period 6 p.m. to 6 a.m. for assistance. For any given day what is the probability that fewer than 10 calls will be...

5.100 An investment portfolio in Singapore specializes in airline stocks and contains two of them. One is Singapore Airlines (mean: 0.12; standard deviation: 0.02), and it accounts for 30% of the...

5.96 A management consultant found that the amount of time per day spent by executives performing tasks that could be done equally well by subordinates followed a normal distribution with a mean of...