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 US dollars are
British pound $ Canadian dollar $
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 $ from a US company?
How many US dollars must be paid for a purchase costing 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 decimal places.
USDBritish pounds USDCanadian dollars
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