Ask Question
18 August, 16:19

If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar, how many American dollars are required to buy a product that costs 2.5 Canadian dollars? A. $2.75 B. $2.23 C. $1.32 D. $2.81

+2
Answers (1)
  1. 18 August, 18:38
    0
    Answer:C

    Explanation: Since you need 2.5 Canadian Dollars,.89 = to 1. Therefore 2.5 times the. 89 equals to 2.225, or rounding up to 2.23
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar, how many ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers