If the Canadian dollar were replaced with a "new dollar" at an exchange rate of one new dollar for four old dollars,then an hourly wage of $10 would become an hourly wage of _____ new dollars.
A) 2.50
B) 6
C) 10
D) 60

Question

Quizplus · Accepted Answer

The exchange rate is one new dollar for four old dollars. Therefore, an hourly wage of $10 old dollars would be divided by 4 to convert to new dollars, resulting in $2.50 new dollars.

If the Canadian Dollar Were Replaced with a "New Dollar