If the exchange rate for Mexican pesos has changed from 10 pesos to 9 pesos per dollar, _____. What is the value of the peso?

Answers

Answer 1

Answer:

Answer:

The answer is: The Mexican peso has appreciated in relation to the dollar, and now 9 Mexican pesos can be exchanged for $1

Explanation:

Currency appreciation happens when one currency gains value related to a different currency.

In this case the Mexican peso went from 10 pesos per dollar to 9 pesos per dollar, that means that the Mexican peso appreciated by 10% [= (10 - 9) / 10] in relation to the American dollar.

Answer 2

Answer: If the exchange rate for mexican pesos has changed from 10 pesos to 9 pesos per dollar, The value of the Peso has increased.

Previously, you need 10 pesos to get 1 dollar.
Now, you only need 9 pesos to get 1 dollar.

This means that the value of pesos toward dollars has increased

Related Questions

The Waltham System a. employed whole families to work in textile mills. b. employed young women in their late teens and early twenties. c. employed young children, who often worked 10-12 hours per day. d. was considered a disreputable form of employment for women.
How many McDonald's are there in the whole world?
In which market structure does platinum mining belong? Motivate your answer
During the current year, Sam received interest income from the following investments: $400 from State of Wyoming bonds, $200 from Ford Motor Co., $50 from City of Laramie bonds, $100 from U.S. Treasury bonds. How much of the interest received will be included in gross income
Your cousin has just graduated from college and is starting her search for an apartment to rent. What are three steps you think she should take during her search?

Geoff rents an apartment with a monthly rent of $850. He owns the furniture in the apartment, which is worth $3,500, and he owns his car, which is worth $6,000. Geoff has a balance of $1,225 on his credit card and has $3,560 in a savings account.

Answers

Answer:

D. the credit card

Explanation:

took test on edge 2021

Are you asking about the total costs of living that Geoff have?
He owns a furniture in the apartment which is worth 3500 dollars and car which is worth 6000 dollars
=> 3500 + 6000 = 9500 dollars.
He also have a savings of 3560 dollars
=> 9500 + 3560 = 13,060 dollars.
now, he pays 850 dollars for rent and 1225 dollars for his credit card
=> 1225 + 850 = 2075
=> 13,060 dollars. - 2075= -10985 dollars.

A machine that is used to sew shirts is called a _____ . capital good, natural resource, nonrenewable resource

Answers

the answer is capital good.

capital good is the answer

After John worked at a job for 10 years, his salary doubled. If he started at $x, his salary after 10 years is _____.$x
$x + 2
$x - 2
$2x

Answers

What does it mean that his salary doubled?

this means that for example, if it was 1000 dollars, it would be 2000 dollars now, and it if was 2000 dollars, it would be 4000 dollars now.

This can be written down as $2x where x is the initial salary. (so if x=1000, the new salary is 2x=2*1000=2000

His salary doubled (x2), so you can eliminate the 2nd & 3rd ones, because they are + & -. You can eliminate the first one because that would represent his current salary. So, that leaves the last one $2x.

Thinking based on information is most closely associated with Use First for the ____________ Pattern.

Answers

Thinking based on information is most closely associated with Use First for the Precision pattern. Its font size is 10 to 12 pt. Depending on the font but not smaller than that. Resume is consist of your backgrounds. Especially the educational backgrounds and your achievements. It is also written there your preferences.

A corporation may be created merely by agreement of private individuals true or false

Answers

The answer to this true and false question that is being presented is false. A corporation may be created merely by agreement of private individuals. It should be mandated by the law. A corporation can only be formed when the law permits it.

A student has some $1 bills and $5 bills in his wallet. He has a total of 16 bills that are worth $44. How much of each type of bill does he have?

Answers

Answer:

Explanation:

Student has X amount of $1 bills and Y amount of $5 bills. At the same time, it is equal to $44 and 16 in terms of quantity. We can make an equation:

$1*X + $5*Y= $44 AND X+Y=16 ⇒ X=16-Y

16-Y+5Y=44

16+4Y=44

4Y=28

Y=7

X=16-Y=16-7=9

So, 9 bills of $1 and 7 bills of $5

Other Questions

Before starting a business, many people find it useful to describe the way the company will operate in which of the following?A. Shares of stock B. Its advertisements C. Partnership contracts D. A business plan

Are there any welfare or subsidy payments that should be reviewed or added?

Which position is responsible for the direct management of all incident-related tactical activities?a. Finance/Administration Section Chief b. Logistics Section Chief c. Operations Section Chief d. Planning Section Chief

The cost of an asset is $ 1 comma 050 comma 000, and its residual value is $ 210 comma 000. Estimated useful life of the asset is four years. Calculate depreciation for the first year using the doubleminusdecliningminusbalance method of depreciation.