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Use the information below to answer the questions that follow. U.S. $ EQUIVALENT CURRENCY PER U.S. $ U.K. Pound () 1.5689 Canada dollar 1.0191
Use the information below to answer the questions that follow. U.S. $ EQUIVALENT CURRENCY PER U.S. $ U.K. Pound () 1.5689 Canada dollar 1.0191 .6374 .9813 a. Which would you rather have, $100 or 100? b. Which would you rather have, $100 Canadian or 100? c. What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign (C$). Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) d. What is the cross-rate for British pounds in terms of Canadian dollars? (Do not include the pound sign (). Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) a. Rather have b. Rather have c. Cross-rate C$ d. Cross-rate /C$
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