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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