Question

Use the information below to answer the questions that follow. U.S. $ EQUIVALENT CURRENCY PER U.S. $ U.K. Pound (£) 1.5964 .6264 Canada dollar 1.0081 .9920 a.Which would you rather have, $100 or £100? b.Which would you rather have, $100 Canadian or £100?c.What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign, C$. Round your answer to 4 decimal places, e.g., 32.1616.) Cross-rate C$ /£ d.What is the cross-rate for British pounds in terms of Canadian dollars? (Do not include the pound sign, £. Round your answer to 4 decimal places, e.g., 32.1616.) Cross-rate £ /C$

Answer 1

Answer:

1. 0.992C$

2. 0.6315

Explanation:

See attached file