A Question 3 (1 point) Retake question The exchange rate between the CAD and the USD is USD/CAD =1.34. You have USD11,000. How many CAD can you buy? CAD 9,120 CAD 15,789 CAD 1.2195 CAD 14,740 A Question 4 (1 point) Retake question You are planning for a trip to the UK. You want to buy some British pounds. You see the quote by bank A for the pounds as follows: Bid rate: $1.247 (per pound) Ask rate: $1.254 (per pound) Which rate you will use when you buy pounds from the bank? Bid-ask spread Ask rate Bid rate Average of bid rate and ask rate