Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The cost of mailing a letter from the United States to Canada in 2021 was USD 1.15. How much was that in Canadian dollars (CAD)

The cost of mailing a letter from the United States to Canada in 2021 was USD 1.15. How much was that in Canadian dollars (CAD) when the exchange rate was USD 1 = CAD 1.25? The postage cost from Canada to the United States was CAD 1.30.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Simple Tools And Techniques For Enterprise Risk Management

Authors: Robert J. Chapman

1st Edition

1119989973, 978-1119989974

More Books

Students also viewed these Finance questions

Question

What are the determinants of cash cycle ? Explain

Answered: 1 week ago