Suppose the indirect exchange rate for the Canadian dollar is 0.93. Based on this, you know you can buy:

Select one:

a. $1 U.S. for $1.93 Canadian.

b. $1.08 U.S. for $1 Canadian.

c. $1 U.S. for $0.93 Canadian.

d. $1 U.S. for $1.08 Canadian.

e. $1.93 U.S. for $1 Canadian.