Question

Suppose the direct foreign exchange rates in U.S. dollars are 1 British pound = $ 1.20...

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.)

1 USD British pounds
1 USD Canadian dollars
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.)
British pounds

c.How many U.S. dollars must be paid for a purchase costing 4,300 Canadian dollars? (Do not round intermediate calculations.)

U.S dollars
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