If the exchange rate is $0.75 U.S.dollar to 1 Canadian dollar,then in terms of the Canadian dollar to the U.S.dollar,it is
A) 0.75 to 1.
B) 0.33 to 1.
C) 1.33 to 1.
D) 1.75 to 1.
E) 3 to 1.

Question

Quizplus · Accepted Answer

The exchange rate of $0.75 U.S. dollar to 1 Canadian dollar means that for every 1 Canadian dollar, you can get 0.75 U.S. dollars. To express this in terms of Canadian dollars to U.S. dollars, you need to flip it, which gives you 1.33 U.S. dollars for every 1 Canadian dollar. Therefore, the answer is choice C, 1.33 to 1.

If the Exchange Rate Is $0