Assume that you can buy 250 Canadian dollars with 100 British pounds. Which one of the following statements is correct given the following exchange rates? Assume that you start out with British pounds.
$\begin{array} { | l | l | c | }
\hline \text { Country } & \text { U.S. \$ Equivalent } & \text { Currency per U.S. \$ } \
\hline \text { Canada } & \text { ? } & 1.3500 \
\hline \text { U.K. } & 1.8305 & ? \
\hline
\end{array}$

Question

Assume that you can buy 250 Canadian dollars with 100 British pounds. Which one of the following statements is correct given the following exchange rates? Assume that you start out with British pounds.
$\begin{array} { | l | l | c | } 
\hline \text { Country } & \text { U.S. \$ Equivalent } & \text { Currency per U.S. \$ } \
\hline \text { Canada } & \text { ? } & 1.3500 \
\hline \text { U.K. } & 1.8305 & ? \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Assume that you can buy 250 Canadian dollars with 100 British pounds. Which one of the following statements is correct given the following exchange rates? Assume that you start out with British pounds.
$\begin{array} { | l | l | c | } 
\hline \text { Country } & \text { U.S. \$ Equivalent } & \text { Currency per U.S. \$ } \
\hline \text { Canada } & \text { ? } & 1.3500 \
\hline \text { U.K. } & 1.8305 & ? \
\hline
\end{array}$

Assume That You Can Buy 250 Canadian Dollars with 100