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.

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(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