Respuesta :
$271 cost to Tom to get the rupees, tom wants in exchange of the money for the trip to India as exchange rate of US dollars to Indian rupees is 1:45.897.
What is exchange rate?
The value of currency or the money used in one country and the money which is used in other country , the difference amount is called exchange rate.
When countries use gold or another agreed-upon standard, the exchange rate is "fixed," and each currency is worth a specific amount of the metal or other standard.
When supply and demand or speculation determine the value of an exchange rate, it is said to be "floating."
Thus, $271 costs tom to get the rupees.
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