If the nominal exchange rate between the Canadian dollar and the New Zealand dollar is 1.36 New Zealand dollars per Canadian dollar, how many Canadian dollars are required to buy a product that costs 3.50 New Zealand dollars?
A)$1.26
B)$2.14
C)$2.24
D)$2.57
E)$4.76

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The Answer of If the nominal exchange rate between the Canadian dollar and the New Zealand dollar is 1.36 New Zealand dollars per Canadian dollar, how many Canadian dollars are required to buy a product that costs 3.50 New Zealand dollars?
A)$1.26
B)$2.14
C)$2.24
D)$2.57
E)$4.76

If the Nominal Exchange Rate Between the Canadian Dollar and the New