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Suppose that the rate of exchange between the Japanese Yen (Y) and the Mexican Peso (Ps) is currently: Y/Ps = 8.0000. This is equivalent to

Suppose that the rate of exchange between the Japanese Yen (Y) and the Mexican Peso (Ps) is currently: Y/Ps = 8.0000. This is equivalent to which of the following? Group of answer choices Ps/Y = 8.0000 Ps/Y = 0.0125 Ps/Y = 0.8000 Ps/Y = 2.5000

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