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Suppose that the Canadian dollar is worth A$1.08 and the United States dollar is worth A$1.35. (a) Calculate the value of the Australian dollar against

Suppose that the Canadian dollar is worth A$1.08 and the United States dollar is worth A$1.35.

(a) Calculate the value of the Australian dollar against the Canadian dollar. (2 marks)

(b) Using your answer to (a), calculate the cross exchange rate between the Canadian dollar and the United States dollar.

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