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Use the information below to answer the questions that follow. U.S. $ EQUIVALENT CURRENCY PER U.S. $ U.K. Pound () 1.5838 .6314 Canada dollar 1.0131
Use the information below to answer the questions that follow. U.S. $ EQUIVALENT CURRENCY PER U.S. $ U.K. Pound () 1.5838 .6314 Canada dollar 1.0131 .9871 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. Cross-rate c-2. Cross-rate IE /Cans
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