Assume the exchange rate from Mexican pesos to American dollars is 8 pesos to $1.
If a bushel of wheat is 12 pesos in Mexico, how many bushels in Mexico could $1200 buy?
800 bushels
1800 bushels
1260 bushels
1000 bushels
400 bushels
A country with a high rate of return on investments will likely see which of the following?
Government bond rating decreases
Currency appreciates in value
Exports increase
Increase in emigration
Currency depreciates in value