If a pair of Italian shoes cost 100 euros in Italy, excluding the cost of export, and if the exchange rate is $10.90 euros, then the same pair of Italian shoes will cost how much in U.S. dollars? $190 $111.11 $90 $211.11

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16-12-2022
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If a pair of Italian shoes cost 100 euros in Italy, excluding the cost of export, and if the exchange rate is $10.90 euros, then the same pair of Italian shoes will cost how much in U.S. dollars? $190 $111.11 $90 $211.11

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BhavikaKukreja BhavikaKukreja · Answer 1 · 2022-12-23T17:31:59+01:00

The same pair of Italian shoes will cost $111.11 in U.S. dollars, based on the given exchange rate. 100 euros x 10.90 (exchange rate) = 111.11 USD.

What is exchange rate?

Exchange rate is the rate at which one currency can be exchanged for another. It is the rate at which one currency is exchanged for another, or the value of one currency in terms of another currency. Exchange rates are determined by the demand and supply of currencies in the market, and they are constantly changing. Exchange rates can be impacted by a number of different factors, including economic and political conditions, central bank policies, and other macroeconomic factors. Exchange rates are important for businesses and investors because they affect the cost of goods and services, and can influence investment decisions. Exchange rates also influence the value of international trade, and the cost of borrowing for businesses and individuals.

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