If one U.S. dollar = 11.76 Mexican pesos [Ps], then the reciprocal exchange rate is:
a. 1 Ps = $11.76.
b. $1 = Ps 3.92.
c. $1 = Ps 0.008.
d. $1 = Ps 0.085.
e. 1 Ps = $0.085.
e
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