Question: Suppose the direct foreign exchange rates in U . S . dollars are 1 British pound = $ 1 . 6 0 1 Canadian dollar

Suppose the direct foreign exchange rates in U.S. dollars are
1 British pound =$ 1.601 Canadian dollar =$ 0.74
Required:
What are the indirect exchange rates for the British pound and the Canadian dollar?
How many pounds must a British company pay to purchase goods costing $8,000 from a U.S. company?
How many U.S. dollars must be paid for a purchase costing 4,000 Canadian dollars?
Required A
Required B
Required C
What are the indirect exchange rates for the British pound and the Canadian dollar?
Note: Round your answers to 4 decimal places.
1 USDBritish pounds1 USDCanadian dollars

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