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What is the exchange rate between the us dollar and the


Currently, in the spot market, $1=106.50 Japanese Yen, 1 Japanese Yen= 0.0096 Euro, and 1 Euro= 10.1 Mexican pesos. What is the exchange rate between the U.S. dollar and the Mexican peso?

a. 10.326 peso/$

b. 10.693 peso/$

c. 10.910 peso/$

d. 11.158 peso/$

e. 11.448 peso/$

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