If the exchange rate between British pounds and Canadian dollars is C$2.020.4 = 1, then
A) It takes 2.04 British pound to buy one Canadian dollar
B) The Canadian dollar is worth more than one British pound
C) Each Canadian dollar is worth approximately 0.49 British pound
D) $0.2 Canadian dollar will purchase one British pound
E) None of the above
Correct Answer:
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