If you were told that the exchange rate between the U.S. dollar and the Canadian dollar was 1.2, that would mean that Canadians would have to spend ____ to buy a $12 watch in New York City.
A) 18 Canadian dollars
B) 10 U.S. dollars
C) 12 U.S. dollars
D) 14.4 U.S. dollars
Correct Answer:
Verified
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