Question
1.Exhibit 1 shows the exchange rate values of several major world currencies relative to the U.S dollar as they were on November 24,2011. The first
1.Exhibit 1 shows the exchange rate values of several major world currencies relative to the U.S dollar as they were on November 24,2011. The first column shows the number of units of the foreign currency that could be obtain by trading in one U.S dollar. The second column show the number of U.S dollars that could be obtained by trading in one unit of the foreign currency. (Note: These are simply the reciprocals of the data in the first column.)
EXHIBIT 1
FOREIGN CURRENCYUNIT OF THE FOREIGN CURRENCYU.S DOLLARS PER UNIT
PER U.S DOLLAROF FOREIGN CURRENCY
English pound0.6441.5539
European euro0.7481.3373
Canadian dollar1.0440.4577
Mexican peso14.0770.071
Japanese yen77.0730.013
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