| Use the information below to answer the questions that follow. |
| U.S. $ EQUIVALENT | CURRENCY PER U.S. $ | |
| U.K. Pound (£) | 1.5939 | .6274 |
| Canada dollar | 1.0091 | .9910 |
| Which would you rather have, $100 or £100? |
| (Click to select)100 Dollars100 Pounds |
| Which would you rather have, $100 Canadian or £100? | |
| (Click to select)100 Canadian Dollars100 Pounds | |
| What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign, C$. 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$ |
Requirement 1:
Which would you rather have, $100 or £100?
Answer :
100 Pound
Reason Because has value then what we have if Canadian $
Requirement 2
Which would you rather have, $100 or £100
Answer 100 Pund
Reason : Because it have more US $ value then what we have if Canadian $
Requirement 3
What is the cross-rate for Canadian dollars in terms of British pounds
C$ 0.9910/$1)($1.5939/ £1)
= £ 0.6217/ C$1
What is the cross-rate for British pounds in terms of Canadian dollars? (Do not include the pound sign,
=1C$/0.6217£
=1.6083 Cs=1£
