Suppose the direct exchange rate for the Canadian dollar and U.S. dollar is 1.11, this means that you can buy $1.11 U.S. for $1 Canadian.

Name: Suppose the direct exchange rate for the Canadian dollar and U.S. dollar is 1.11, this means that you can buy $1.11 U.S. for $1 Canadian.
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The direct exchange rate of 1.11 means that 1 Canadian dollar is equivalent to 1.11 U.S. dollars, so you can buy 1 Canadian dollar for 1.11 U.S. dollars, not the other way around.

Suppose the Direct Exchange Rate for the Canadian Dollar and U.S