In 2009, 1 U.S. dollar purchased 1400 Korean won and in 2013 it purchased 900 Korean won. How much did 1000 Korean won cost in U.S. dollars in 2009 and 2013? Question 23 options: 1) 2009: .84 dollars, 2013: 1.09 dollars 2) 2009: .72 dollars, 2013: 1 dollar 3) 2009: .83 dollars, 2013: 1.12 dollars 4) 2009: .71 dollars, 2013: 1.11 dollars

Name: in 2009 1 us dollar purchased 1400 korean won and in 2013 it purchased 900 korean won how much did 1000 korean won cost in us dollars in 2009 and 2013 question 23 options 1 2009 84 dollars 2 91727
Uploaded: 2024-06-27T00:23:12-08:00
Duration: 1 min 38 s
Channel: Breanna Ollech
Description: in 2009 1 us dollar purchased 1400 korean won and in 2013 it purchased 900 korean won how much did 1000 korean won cost in us dollars in 2009 and 2013 question 23 options 1 2009 84 dollars 2 91727

          In 2009, 1 U.S. dollar purchased 1400 Korean won and in 2013 it purchased 900 Korean won. How much did 1000 Korean won cost in U.S. dollars in 2009 and 2013?
Question 23 options:
1) 
2009: .84 dollars, 2013: 1.09 dollars
2) 
2009: .72 dollars, 2013: 1 dollar
3) 
2009: .83 dollars, 2013: 1.12 dollars
4) 
2009: .71 dollars, 2013: 1.11 dollars

Added by Rosa M.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Breanna Ollech

06/27/2024

Step 1

In 2009, 1 U.S. dollar purchased 1400 Korean won. To find out how much 1000 Korean won cost in U.S. dollars, we can set up the following calculation: \[ \text{Cost in dollars} = \frac{1000 \text{ won}}{1400 \text{ won/dollar}} = \frac{1000}{1400} \approx 0.7143 Show more…

Show all steps

Thanks for your feedback!

In 2009, 1 U.S. dollar purchased 1400 Korean won and in 2013 it purchased 900 Korean won. How much did 1000 Korean won cost in U.S. dollars in 2009 and 2013? Question 23 options: 1) 2009: .84 dollars, 2013: 1.09 dollars 2) 2009: .72 dollars, 2013: 1 dollar 3) 2009: .83 dollars, 2013: 1.12 dollars 4) 2009: .71 dollars, 2013: 1.11 dollars