Use the information below to answer the questions that follow.

U.S. $ EQUIVALENT CURRENCY PER U.S.

$ U.K. Pound (£ ) 1.5913 .6284

Canada dollar 1.0101 .9900

a. Which would you rather have, $100 or £100?

b. Which would you rather have, $100 Canadian or £100?

c. What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign (C$). Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Cross-rate C$ / £

d. What is the cross-rate for British pounds in terms of Canadian dollars? (Do not include the pound sign (£). Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Cross-rate £ / C$