Use the information in Table 18.2 to answer the following questions: a.) Which would you rather have : $100 or 100 British Pounds? Why? b.) Which would you rather have : 100 Canadian Dollars or 100 British Pound? Why? What is the cross-rate for Canadian Dollars in terms of British Pound? What is the cross-rate for the British Pounds in terms of Canadian Dollars?

Exchange Rates: May 5 on Sources: www.wsj.com and www.barchartcom, May 6, 2021