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Use the information below to answer the questions that follow. U.S. $ EQUIVALENT 1.5615 CURRENCY PER U.S. $ .6404 U.K. pound () Canada dollar (Can$)

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Use the information below to answer the questions that follow. U.S. $ EQUIVALENT 1.5615 CURRENCY PER U.S. $ .6404 U.K. pound () Canada dollar (Can$) 1.0221 .9784 a. Which would you rather have, $100 or 100? b. Which would you rather have, $100 Canadian or 100? C-1. What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign, C$. Round your answer to 4 decimal places, e.g., 32.1616.) C-2. 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.) a. b. C-1. Cross rate Can$/ /Can$ C-2. Cross rate

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