If the exchange rate for Canadian and U.S. dollars is 0.7382 to 1, this implies that 2 Canadian dollars can be purchased for $1.48 U.S. dollars.
$2 * 0.7382 = $1.48

Question

Quizplus · Accepted Answer

The calculation shown in the statement is correct. If you multiply the amount in Canadian dollars by the exchange rate, you get the equivalent amount in U.S. dollars. Therefore, 2 Canadian dollars multiplied by the exchange rate of 0.7382 equals $1.48 U.S. dollars.

If the Exchange Rate for Canadian and U