Use the information below to answer the questions that follow.

U.S. $ EQUIVALENT CURRENCY PER U.S. $

U.K. Pound () 1.5964 .6264

Canada dollar 1.0081 .9920

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, C$. Round your answer to 4 decimal places, e.g., 32.1616.)

Cross-rate 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.)

Cross-rate /C$ _______