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13 February, 07:36

The Ruiz family is exchanging euros for US dollars. The exchange rate is 1 euro equals 1.35261 USD. Since the Ruiz family knows that USD are stated to the nearest hundredth of a dollar, they used the conversion ratio. Will this give the Ruiz family the correct exchange? Explain.

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  1. 13 February, 07:55
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    No because when you are dealing with money you are never supposed to round up or down you are supposed to be exact
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