Suppose the Indirect Exchange Rate for the Canadian Dollar Is

Suppose the indirect exchange rate for the Canadian dollar is 0.93. Based on this, you know you can buy:

A) $1 U.S. for $0.93 Canadian.
B) $1.93 U.S. for $1 Canadian.
C) $1 U.S. for $1.08 Canadian.
D) $1.08 U.S. for $1 Canadian.
E) $1 U.S. for $1.93 Canadian.