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Which of the following accurately explains what an exchange rate of 1:9 between the european euro and mexican peso means

Which of the following accurately explains what an exchange rate of 1:9 between the european euro and mexican peso means
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3 votes
Which of the following accurately explains what an exchange rate of 1:9 between the european euro and mexican peso means

asked
User Dorrie
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7.9k points

2 Answers

4 votes

Answer:

It takes only one euro to buy nine pesos.

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answered
User Konstantin Samarin
by
7.8k points
1 vote
An exchange rate of 1:9 between the European Euro and the Mexican
Peso means that you can exchange one Euro for 9 Pesos.
answered
User Peter Clark
by
8.1k points
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