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Currencies and Exchange Rates

Question 6 • GA-GSE Personal Finance and Economics

1 euro could be exchanged for 119.

Answer
A
Canadian dollars
B
British pounds
C
Japanese yen

Explanation

An exchange rate of 119 units for 1 euro is plausible for Japanese yen. Canadian dollars and British pounds are each worth much more per unit, so 1 euro would not typically exchange for 119 of either. The correct choice is Japanese yen.

AI-written and checked against the verified answer.