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Problem 21-2 Using the Cross-Rate [LO1] Use the information below to answer the questions that follow. U.S. S EQUIVALENT CURRENCY PER U.S.$ U.K. Pound (E)

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Problem 21-2 Using the Cross-Rate [LO1] Use the information below to answer the questions that follow. U.S. S EQUIVALENT CURRENCY PER U.S.$ U.K. Pound (E) Canada dollar 1.5763 1.0161 9842 Which would you rather have, $100 or 100? 100 Pounds Which would you rather have, $100 Canadian or 100? 100 Pounds What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign, CS. Round your answer to 4 decimal places, e.g., 32.1616.) c$ 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.)

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