Use the information below to answer the questions that follow.
U.S. $ EQUIVALENT CURRENCY PER U.S. $
U.K. Pound (Â£) 1.5542 .6434
Canada dollar 1.0251 .9755
a. Which would you rather have, $100 or Â£100?
b. Which would you rather have, $100 Canadian or Â£100?
c. What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign, C$. Round your answer to 4 decimal places, e.g., 32.1616.)
f. What is the cross-rate for British pounds in terms of Canadian dollars? (Do not include the pound sign, Â£. Round your answer to 4 decimal places, e.g., 32.1616.)
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