📚 Learning Guide
Currency Exchange and Trade Balance
easy

If the exchange rate of USD to EUR is 1.2, how much would you receive in Euros for 120 USD?

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Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
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Choose the Best Answer

A

100 EUR

B

120 EUR

C

144 EUR

D

150 EUR

Understanding the Answer

Let's break down why this is correct

Answer

To find out how many Euros you would get for 120 US dollars at an exchange rate of 1. 2, you need to divide the amount in dollars by the exchange rate. This means you take 120 USD and divide it by 1. 2. When you do the math, 120 divided by 1.

Detailed Explanation

To find out how many Euros you get, multiply the amount in USD by the exchange rate. Other options are incorrect because This answer suggests you get less money; This answer is too simple.

Key Concepts

Currency exchange rates
Topic

Currency Exchange and Trade Balance

Difficulty

easy level question

Cognitive Level

understand

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