The Ruiz family will not get the correct exchange rate.
The term exchange rate refers to the value of money in another currency. We know that the dollar is the currency of international trade hence it is often necessary for conversion to be made to the dollar in order to carry out international transactions.
Given that;
1 euro = 1.35261 USD
100 euro = 100 euro * 1.35261 USD/ 1 euro
= 135.261 USD
Since we know that the dollar is stated to the nearest hundredth;
1 euro = 1.35 USD
100 euro = 100 euro * 1.35 USD / 1 euro
= 135 USD
Hence the Ruiz family will not get the correct exchange rate.
Learn more about exchange rate:https://brainly.com/question/22996931
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Missing parts;
The Ruiz family is exchanging euros for US dollars. The exchange rate is 1 euro equals 1.35261 USD. Since the Ruiz family knows that USD are stated to the nearest hundredth of a dollar, they used the conversion ratio. Will this give the Ruiz family the correct
