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Suppose the direct foreign exchange rates in U.S. dollars are 1 British pound = $ 1.20 1 Canadian dollar = $ 0.68 Required: a. What
Suppose the direct foreign exchange rates in U.S. dollars are
1 British pound = $ 1.20
1 Canadian dollar = $ 0.68
Required: a. What are the indirect exchange rates for the British pound and the Canadian dollar? (Round your answers to 4 decimal places.)
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b. | How many pounds must a British company pay to purchase goods costing $10,000 from a U.S. company? (Do not round intermediate calculations.) | |||||||||||||
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