Currently,$1 will buy C$1.16 while $1.10 will buy €1.What is the exchange rate between the Canadian dollar and the euro?

Question

Quizplus · Accepted Answer

We know that $1 = C$1.16 and $1.10 = €1
Dividing the two equations, we get C$1.16/€1 = $1/$1.10
Simplifying this, we get C$1.16/€1 = 10/11
Thus, the exchange rate between the Canadian dollar and the euro is C$1.16 = €0.909, which corresponds to option D.

Currently,$1 Will Buy C$1