Reference no: EM131351467
Use the information below to answer the questions that follow.
U.S. $ EQUIVALENT CURRENCY PER U.S.
$ U.K. Pound (£ ) 1.5913 .6284
Canada dollar 1.0101 .9900
a. Which would you rather have, $100 or £100?
b. Which would you rather have, $100 Canadian or £100?
c. What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign (C$). Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Cross-rate C$ / £
d. What is the cross-rate for British pounds in terms of Canadian dollars? (Do not include the pound sign (£). Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Cross-rate £ / C$
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