Question
1 Jack operates a small foreign currency exchange business. He begins each day with three boxes of cash. Each box contains 14,500 units of Canadian
1 Jack operates a small foreign currency exchange business. He begins each day with three boxes of cash. Each box contains 14,500 units of Canadian currency and 14,500 units of another currency. The table below shows Jack's holdings of each currency at the end of a day's business.
Box 1Euros9,800 and $20,200 Canadian
Box 2Japanese yen 7,800 and $14,600 Canadian
Box 3British pounds 11,500 and $18,600 Canadian
What is the value of the Canadian dollar in terms of the three currencies?Round your answers to 2 decimal places.
Dollar in terms of the euro:
Answer
Dollar in terms of the yen:
Answer
Dollar in terms of the British pound:
Answer
2 Blaze operates a small foreign currency exchange business. He begins each day with three boxes of cash. Each box contains 14,500 units of Canadian currency and 14,500 units of another currency. The table below shows Blaze's holdings of each currency at the end of a day's business.
Box 1Euros 7,800 and $24,500 Canadian
Box 2Japanese yen 7,000 and $14,600 Canadian
Box 3British pounds 12,700and $18,500 Canadian
What is the value of the Canadian dollar in terms of the three currencies?Round your answers to 2 decimal places.
Dollar in terms of the euro:
Answer
Dollar in terms of the yen:
Answer
Dollar in terms of the British pound:
Answer
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