Question

Which statement is true based on the exchange rate table below?
Japan YEN
101.96
China YUAN 6.2471
Mexico PESO 12.8575
Canada DOLLAR 1.0853
One hundred Japanese yen is able to buy 7.93 Mexican pesos.
The exchange rate between the Chinese yuan and the U.S. dollar is 1.0853.
One U.S. dollar is able to buy 1.0853 Canadian dollars.​

Answer 1

The answer is best gotten using dimensional analysis depending on the choices.

(a)   100  Japanese Yen (12.8575 Mexican Peso/101.96 Japan Yen)  = 12.61 Mexican Peso (FALSE)

(b)   1 Chinese Yuan ( 1 U.S. dollar / 6.2471 Chinese Yuan) = 0.16 U.S dollar (FALSE)

(c)   1 U.S dollar (1.0853 Canadian dollar/ 1 U.S. dollar ) = 1.0853 Canadian dollar (TRUE)

The answer therefore is C. As this is the only option that is valid with the the premises.