If 1 U.S. dollar exchanges for 0.65 euro, how much would it cost in U.S. dollars and cents to purchase a bottle of Italian wine priced at 40 euro?

List and define the three functions of money

What will be an ideal response?

Money that some authority, generally a government, has ordered to be accepted as a medium of exchange is called _______ money.

A) fiat B) intrinsic C) commodity D) debt