Suppose the exchange rate was US$1.01 for each Canadian dollar. What is the price, in Canadian dollars,

Question:

Suppose the was US$1.01 for each Canadian dollar. What is the price, in Canadian dollars, of a flight to Florida costing US$299?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...