Question

Use the information below to answer the questions that follow. U.S. $ EQUIVALENT CURRENCY PER U.S. $ 1.5763 1.0161 .9842 U.K. Pound (£) Canada dollar .6344 Which would you rather have, $100 or £100? ( 100 Pounds Which would you rather have, $100 Canadian or £100? | 100 Pounds What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign, C$. Round your answer to 4 decimal places, e.g., 32.1616.) Cross-rate C$ 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$ eBook & Resources

Answer 1

1.
100 Pounds

2.
100 Pounds

3.
1 Pound=1.5763 $
1 Canadian dollar=1.0161 $

=>1 Pound=1.5763/1.0161
=>1 Pound=1.551323689 Canadian dollar

4.
1 Canadian dollar=1/(1.5763/1.0161) Pound
1 Canadian dollar=0.644610797 Pound