Exercise 11-1 (Static) Exchange Rates LO 11-1 Suppose the direct foreign exchange rates in U.S. dollars are 1 British pound = 1 Canadian dollar = Required: $ 1.60 $ 0.74 a. What are the Indirect exchange rates for the British pound and the Canadian dollar? b. How many pounds must a British company pay to purchase goods costing $8,000 from a U.S. company? c. How many U.S. dollars must be paid for a purchase costing 4,000 Canadian dollars? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C What are the indirect exchange rates for the British pound and the Canadian dollar? Note: Round your answers to 4 decimal places. 1 USD 1 USD $ 0.6250 1.3513 Canadian dollars British pounds Required A Required B >