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Use the information below to answer the questions that follow. U.S. $ EQUIVALENT CURRENCY PER...

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Finance

Use the information below to answer the questions that follow. U.S. $ EQUIVALENT CURRENCY PER U.S. $ U.K. Pound () 1.5788 .6334 Canada dollar 1.0151 .9851 a. Which would you rather have, $100 or 100? b. Which would you rather have, $100 Canadian or 100? c. What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign (C$). Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Cross-rate C$ / What is the cross-rate for British pounds in terms of Canadian dollars? (Do not include the pound sign (). Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Cross-rate / C$

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