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Use the information below to answer the questions that follow. (Enter your answer as directed, but do not round intermediate calculations.) U.S. $ EQUIVALENT CURRENCY
Use the information below to answer the questions that follow. (Enter your answer as directed, but do not round intermediate calculations.) |
U.S. $ EQUIVALENT | CURRENCY PER U.S. $ | |
U.K. Pound () | 1.5961 | .6265 |
Canada dollar | 1.0057 | .9943 |
Requirement 1: |
Which would you rather have, $100 or 100? |
(Click to select)100 Pounds100 Dollars |
Requirement 2: | |
Which would you rather have, $100 Canadian or 100? | |
(Click to select)100 Pounds100 Canadian Dollars | |
Requirement 3: |
(a) | What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign (C$). Round your answer to 4 decimal places (e.g., 32.1616).) |
Cross-rate | C$ / |
(b) | 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$ |
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