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Use the information below to answer the questions that follow. CURRENCY PER U.S. U.K. Pound (E) Canada dollar U.S. $ EQUIVALENT 1.5518 1.0261 .6444 .9746

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Use the information below to answer the questions that follow. CURRENCY PER U.S. U.K. Pound (E) Canada dollar U.S. $ EQUIVALENT 1.5518 1.0261 .6444 .9746 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.) C-1. c-2. Cross-rate Cross-rate

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