If the exchange rate for Canadian and U.S. dollars is 0.7382 to 1, this implies that 2 Canadian dollars will buy about1.48 worth of U.S. dollars.

Question

Quizplus · Accepted Answer

To convert Canadian dollars to U.S. dollars, we multiply the Canadian amount by the exchange rate of 0.7382. Therefore, 2 Canadian dollars would be equivalent to 2 x 0.7382 = 1.4764 U.S. dollars, which is close to 1.48 U.S. dollars. So, the statement is true.

If the Exchange Rate for Canadian and U