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Consider the expression, MXN/USD .20. Based on what we learned this semester, what does this tell us? Select the most complete answer choice below. I.

Consider the expression, "MXN/USD .20." Based on what we learned this semester, what does this tell us? Select the most complete answer choice below.

I.

The Mexican Peso is the "base" rate. 1 U.S. Dollar is equivalent to 5 Mexican Pesos. The U.S. Dollar is the "counter" or "quote" rate. The U.S. Dollar is weaker than the Mexican Peso.

II.

The Mexican Peso is the base rate. 1 Mexican Peso is equivalent to .20 U.S. Dollars. The U.S. Dollar is the "counter" or "quote" rate. The U.S. Dollar is stronger than the Mexican Peso.

III.

The Mexican Peso is the "counter" or "quote" rate. 1 Mexican Peso is equivalent to .20 U.S. Dollars. The U.S. Dollar is the "base" rate. The U.S. Dollar is stronger than the Mexican Peso.

IV.

The Mexican Peso is the "counter" or "quote" rate. 1 U.S. Dollar is s equivalent to 5 Mexican Pesos. The U.S. Dollar is the "base" rate. The U.S. Dollar is weaker than the Mexican Peso.

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