An american tourist changed us $1100 into barbados currency at the exchange rate us $1.00= bbd=$5.50. calculate the amount of bbd he received.

Respuesta :

The amount of bbd received for the given currency exchange rate is 6050  bbd.

What is the currency exchange rate?

The value of one country's currency in relation to the currencies of other countries or economic zones is known as the currency exchange rate.

The majority of currency exchange rates are free-floating and fluctuate according to market supply and demand.

There may be restrictions on some currency exchange rates since they are fixed to the value of other currencies.

According to the question,

Currency exchange rate: $1.00=5.50bbd

So, $1100=1100*5.50 bbd

               =6050 bbd

Learn more about currency exchange rates here:

https://brainly.com/question/2202418

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