If the exchange rate of US dollars for Canadian dollars is 1.1 Canadian dollars to $1 (U.S.) then the exchange rate of Canadian dollars for U.S. dollars is
A) .909 (1/1.1) US dollars per Canadian dollars.
B) .1 (1.1-1) US dollars per Canadian dollars.
C) -.1 (1-1.1) US dollars per Canadian dollars.
D) not knowable from this data.
Correct Answer:
Verified
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