Use the exchange rates in Table 1. An American importer owes vendors the following sums. 140,560 Canadian
Question:
Use the exchange rates in Table 1. An American importer owes vendors the following sums.
140,560 Canadian dollars
392,000 Australian dollars
1,362,000 Mexican pesos
680,540 British (U.K.) pounds 14,673 Euros
State each debt in U.S.dollars.
Transcribed Image Text:
(per pound) $2.50 Supply Exchange Rate direct) Demand $1.50 Supply and Domand for Pounds in Torms of Dollars S weaker with upward movement on vertical axis) per dollar) 0.67 Supply Exchange Rate Demand 0.40 Supply and Demand for Dollars in Terms of Pounds S stronger with upward movement on vertical axis
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a 140560 Canadian dollars 8764 12318678 b 392000 Austr...View the full answer
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