Suppose the direct foreign exchange rates in U.S. dollars
are
1 British pound = $ 1.20
1 Canadian dollar = $ 0.68
Required: a. What are the indirect exchange rates for the
British pound and the Canadian dollar? (Round your answers to 4
decimal places.)
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1
USD |
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British
pounds |
1 USD |
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Canadian dollars |
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b. |
How many pounds must a British company pay to purchase goods
costing $10,000 from a U.S. company? (Do not round
intermediate calculations.)
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c.How many U.S. dollars must be paid for a purchase costing
4,300 Canadian dollars? (Do not round intermediate
calculations.)
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