Use the information below to answer the questions that follow. (Enter your answe

Question

Use the information below to answer the questions that follow. (Enter your answer as directed, but do not round intermediate calculations.)

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).)

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).)

Use the information below to answer the questions that follow. (Enter your answer as directed, but do not round intermediate calculations.)

Explanation / Answer

•You would prefer £100, since: (£100)($1.5689/£1) = $63.74

•You would still prefer £100. Using the $/£ exchange rate and the Canadian$/£exchange rate to find the amount of Canadian$ will buy, we get:

•(£100)($1.5689/£1)(Canadian $ .9813/$1) =canadial $ 64.95

Answer :

Using the amount given in the sum

(£100)($1.5689/£1)/(Canadian $ .9813/$1) =canadial $ 1.5396

•You would prefer £100, since: (£100)($1.5689/£1) = $63.74

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.