US. $ Currency Per U.S. &n
US.
$
Currency Per U.S.
Equivalent.
$
UK. Pound (£)
1.5713
.6364
Canada dollar
1.0181.
.9822
a.Which would you rather have $100 or £100?
b. Which would you rather have $100 Canadian or £100?
c.What is the cross rate for Canadian dollars in terms of British
pounds?)
d.What is cross-rate for British pounds in terms of Canadian
dollars?
a.Rather have ____
b.Rather have ____
c. Cross rate C$_____/£
d. Cross rate £______/C$
Homework Answers
Answer:
a. Rather have £100
Explanation:
Given:
UK. Pound (£) = $1.5713
Hence:
£100 = 100 * 1.5713 = $157.13
Hence you would rather have £100
b. Rather have C$100
Explanation:
Given:
Canada dollar = $1.0181
Hence:
C$100 = 100 * 1.0181 = $101.81
Hence you would rather have C$100
c. Cross rate C$1.5434 /£
Working:
Currency Per U.S. = £.6364
Currency Per U.S.= C$.9822
Cross rate per £ = 0.9822 /0.6364 = C$1.543369
d. Cross rate £0.6479 /C$
Working:
per £ = C$1.543369
Hence:
Per C$ = £ 1/1.543369= 0.6479
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