Question

P18-1 (similar to) Question Help Foreign exchange and commodity prices. While traveling in the following countries, you see twenty-ounce plastic bottles of Coca-Cola. You know the price in the United States for a Coke is $1.02, but the countries have the following prices: Canada: C$1.46 Japan: *145 England: £0.49 European Union: €0.85 What is the implied exchange rate for U.S. dollars and these four currencies? What is the implied direct, or American, exchange rate between the U.S. dollar ($) and Canadian dollar (C$)? per C$ (Round to four decimal places.) 2 3 00 Enter your answer in the answer box and then click Check Answer. 7 parts remaining Clear All Check Answer ter

Answer 1

implied direct rate between US dollar and Candian dollar

=1.02/1.46

=0.6986 per C$

the above will be the answer