Use the information below to answer the questions that follow. U.S. $ EQUIVALENT CURRENCY PER U.S. $ U.K. Pound (£) 1.5888 .6294 Canada dollar 1.0111 .9890

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

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

What is the cross-rate for Canadian dollars in terms of British pounds? (Do not include the Canadian dollar sign, C$. Round your answer to 4 decimal places, e.g., 32.1616.)

Cross-rate C$ /£

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