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An exchange rate of 1:9 between the European Euro and the Mexican Peso means that you can exchange one Euro for 9 Pesos.

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What accurately explains what an exchange rate of 1to 9 between the European euro and Mexican pesos means?

It takes only one euro to buy nine pesos


What accurately explains what an exchange rate of 1 to 9 between the European euro and Mexican pesos mean?

1 to 9 means one Euro equals nine Mexican pesos.


What accurately explains what an exchange rate of 1.9 between the european euro and mexican pesos means?

An exchange rate of 1.9 between the European Euro and the Mexican Peso means that one Euro can be exchanged for one Mexican Peso and 90 centavos.


What accurately explains what an exchange rate 19 between the European euro and he Mexican pesos means?

An exchange rate of 19 between the European euro (EUR) and the Mexican peso (MXN) means that 1 euro can be exchanged for 19 Mexican pesos. This rate indicates the relative value of the euro compared to the peso, affecting trade, investment, and travel between the Eurozone and Mexico. A higher exchange rate generally indicates a stronger euro relative to the peso, while a lower rate suggests the opposite.


What accurately explains what an exchange rate of 1 to 6 between the U.S. dollars and the Egyptian pounds means?

One U.S. dollar will buy six Egyptian pounds.


Which of the following accurately explains what an exchange rate of 1 to 6 between U.S. dollars and Egyptian pounds means?

One U.S. dollar will buy six Egyptian pounds.


What accurately explains what an exchange rate of 120 between the Canadian dollar in Japanese yen means?

It only takes one Canadian dollar to buy 20 Japanese yen


Which of the following accurately explains what an exchange rate of 1:20 between the Canadian dollar and Japanese yen means?

It takes only one Canadian dollar to buy twenty Japanese yen.


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What accurately explains what an exchange rate of 120 between the Canadian and Japanese yen means?

An exchange rate of 120 between the Canadian dollar (CAD) and the Japanese yen (JPY) means that 1 Canadian dollar is equivalent to 120 Japanese yen. This rate indicates how much yen can be obtained in exchange for one Canadian dollar. A higher exchange rate implies that the Canadian dollar has more value compared to the yen, while a lower rate would suggest the opposite.


What is the most accurately describes the difference between a stock exchange and an over the counter market?

An over-the-counter market does not take place in a centralized exchange place


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