If you were told that the exchange rate was 1.2 U.S. dollars for one Canadian dollar,that would mean that Canadians would have to spend ____ to buy a $12 watch in New York City

Question

If you were told that the exchange rate was 1.2  U.S. dollars for one Canadian dollar,that would mean that Canadians would have to spend ____ to buy a $12 watch in New York City

Quizplus · Accepted Answer

To buy a $12 watch in New York City, Canadians would need to convert Canadian dollars to U.S. dollars. At an exchange rate of 1.2 U.S. dollars per Canadian dollar, they would need 10 Canadian dollars (12 / 1.2 = 10).

If You Were Told That the Exchange Rate Was 1