Question: Use the data in table to answer the following questions: Country Currency Exchange Rate Europe Eurozone countries Euro (EUR or ) 1.217 * Sweden Krona
Use the data in table to answer the following questions:
| Country | Currency | Exchange Rate | |||
| Europe | |||||
| Eurozone countries | Euro (EUR or ) | 1.217 | * | ||
| Sweden | Krona (SEK) | 8.561 | |||
| Switzerland | Franc (CHF) | 0.983 | |||
| United Kingdom | Pound (GBP or ) | 1.393 | * | ||
| Americas | |||||
| Brazil | Real (BRL) | 3.484 | |||
| Canada | Dollar (CAD) | 1.284 | |||
| Mexico | New peso (MXN) | 18.836 | |||
| Asia/Africa | |||||
| Australia | Dollar (AUD) | 1.322 | |||
| China | Yuan (CNY) | 6.324 | |||
| China (Hong Kong) | Dollar (HKD) | 7.847 | |||
| India | Rupee (INR) | 66.910 | |||
| Japan | Yen (JPY or ) | 109.420 | |||
| South Africa | Rand (ZAR) | 12.433 | |||
| South Korea | Won (KRW) | 1,081.200 | |||
* Direct quotes (number of U.S. dollars per unit of foreign currency). Other quotes are indirect (units of foreign currency per U.S. dollar).
a. How many Mexican pesos can you buy for $1? How many yen can you buy? (Do not round intermediate calculations. Round your answers to 3 decimal places.)
b. How many yen would it cost to buy 1 Mexican peso? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
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