If the exchange rate is 0.08 USD = 1 MXN, what is the cost in dollars of

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If the exchange rate is 0.08 USD = 1 MXN, what is the cost in dollars of a Mexican table priced at 500 pesos?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Economics

ISBN: 978-1133561675

11th edition

Authors: Roger A. Arnold

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