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# Value of 1 US Dollar

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Moderator
Joined: 18 Apr 2015
Posts: 4914
Followers: 74

Kudos [?]: 977 [0], given: 4499

Value of 1 US Dollar [#permalink]  18 Jan 2016, 07:24
Expert's post
00:00

Question Stats:

82% (00:44) correct 17% (00:44) wrong based on 23 sessions

 Quantity A Quantity B The dollar value of 1Argentine peso accordingto the table above The dollar value of 1Kenyan shilling accordingto the table above

A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.

Practice Questions
Question: 1
Page: 338
Difficulty: easy
[Reveal] Spoiler: OA

_________________
Moderator
Joined: 18 Apr 2015
Posts: 4914
Followers: 74

Kudos [?]: 977 [0], given: 4499

Re: Value of 1 US Dollar [#permalink]  18 Jan 2016, 07:26
Expert's post
Solution

Without doing any calculations, you can see from the information given that 1 United States dollar is worth a little less than 1 Argentine peso, so 1 peso is worth more than 1 United States dollar. On the other hand, 1 United States dollar is worth 32.08 Kenyan shillings, so 1 Kenyan shilling is worth only a small fraction of 1 United States dollar. The correct answer is Choice A.
_________________
GRE Instructor
Joined: 10 Apr 2015
Posts: 1177
Followers: 44

Kudos [?]: 1054 [1] , given: 6

Re: Value of 1 US Dollar [#permalink]  28 Feb 2018, 12:15
1
KUDOS
Expert's post
Carcass wrote:

 Quantity A Quantity B The dollar value of 1Argentine peso accordingto the table above The dollar value of 1Kenyan shilling accordingto the table above

GIVEN: 1 dollar = 0.93 pesos
Divide both sides of the equation by 0.93 to get: 1/0.93 dollars = 0.93/0.93 pesos
Simplify: more than 1 dollar = 1 peso

GIVEN: 1 dollar = 32.08 shillings
Divide both sides of the equation by 32.08 to get: 1/32.08 dollars = 32.08/32.08 shillings
Simplify: less than 1 dollar = 1 shilling

So, we get:
Quantity A: more than 1 dollar
Quantity B: less than 1 dollar

Cheers,
Brent
_________________

Brent Hanneson – Creator of greenlighttestprep.com

Re: Value of 1 US Dollar   [#permalink] 28 Feb 2018, 12:15
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