Question

If the exchange rate between the U.S. dollar and Mexican peso is 1:16 then that means ______.

every Mexican peso is worth 8 U.S. dollars


every U.S. dollar is worth 16 Mexican pesos


every U.S. dollar is worth 1 peso


every Mexican peso is worth 16 U.S. dollars

Answer 1

every U.S. dollar is worth 16 Mexican pesos

Answer 2

every U.S dollar is worth 16 Mexican pesos