Question

On january 25, 2009, one u.s. dollar traded on the foreign exchange market for about 0.75 euros. therefore, one euro would have purchased about ________ u.s. dollars.

Answer 1

1 / 0.75 = x / 1
cross multiply
0.75x = 1
x = 1 / 0.75
x = 1.33 or 1 1/3 U.S. dollars