Albert's Trip to Canada

Albert's Trip to Canada. Albert visits Toronto and buys 1.72 Canadian dollars (CAD or C$) for one British pound (GBP or E). When he returns home to the U.K., he converts CAD1 into GBP0.59. Is the new exchange rate favorable or unfavorable? . . . .. To assess whether the new exchange rate is favorable or unfavorable we calculate the reciprocal below: (Round to four decimal places.) Exchange rate reciprocal Values Buy back pounds for (E/C$) 0.5900 Which is equivalent, the reciprocal (C$/E) (Select the best choice below.) O A. It is better to convert back his remaining Canadian dollars to GBP when he reaches back home. O B. It is better to convert back his remaining Canadian dollars to GBP before he leaves Canada O C. It does not matter where Albert converts back his remaining Canadian dollars since the exchange rates are equivalent. O D. We do not have enough information to answer this question. We need to know how many Canadian dollars he has remaining