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26 August, 08:23

If the exchange rate between the u. s. dollar and the Canadian dollar is 1:1.3, which of the following is true

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  1. 26 August, 10:26
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    It will cost less to buy a $5 item in Canada than it will in the United States

    Explanation:

    if the exchange rate between the US Dollar and the canadian dollar is 1:1.3, then that menas that it would be easier to buy a commodity of $5 in canada as against buying in the US. This is because the price of the commodities will be affected by the exchange rate thus price making room for a 0.13

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