U.S. $ EQUIVALENT CURRENCY PER U.S. $ U.K. Pound (£) 1.5567 .6424 Canada dollar

Question

U.S. $ EQUIVALENT CURRENCY PER U.S. $ U.K. Pound (£) 1.5567 .6424 Canada dollar 1.0241 .9765 Which would you rather have, $100 or £100? Which would you rather have, $100 Canadian or £100? What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign, C$. 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$

Explanation / Answer

US $ Equivalent Currency per US$ UK Pound                   1.5567                 0.6424 Canada Dollar                   1.0241                 0.9765 100Pound =100*1.5567= $               155.67 So I would rather have 100 pound as it   is equivalent to >$100 100 canadian dollar = $               102.41 100 pound = $               155.67 So I would have 100 pound as it has   more $ value than 100 Canada $ Cross Rate C$/pound 0.6424 pound =0.9765 C$ 1 Uk pound =                     1.5201 C$ Cross rate =1.5201 Canadian $/pound 0.9765 c$=0.6424 Pound 1 C$=0.6424/0.9765 pound=                   0.6579 pound Cross rate =0.6579 pound/C$

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