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The table below reports selected exchange rates not only against the US dollar, but also against the euro and the pound sterling. (Each row
The table below reports selected exchange rates not only against the US dollar, but also against the euro and the pound sterling. (Each row gives the price of the dollar, euro, and pound, respectively, in terms of a different currency.) At the same time, the table gives the spot dollar prices of the euro ($1.1219 per euro) and the pound sterling ($1.2597 per pound). Key Currency Cross Rates June 4, 2020 U.S. Dollar EU Euro U.K. Pound Switzerland (SFranc) Japan (Yen) Mexico (Peso) U.S. (Dollar) 0.9621 108.825 1.0794 21.595 122.0956 24.2284 1.2118 137.0816 27.2022 1.1219 1.2597 Consider the Mexican peso. If $100 is expended to purchase this currency directly, the quantity of pesos obtained is (Round your answer to two decimal places.)
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