Sunday, 5 November 2023

How many pounds must a British company pay to purchase goods costing $10,000 from a U.S. company?

 Suppose the direct foreign exchange rates in U.S. dollars are

1 British pound =    $ 1.20
1 Canadian dollar =    $ 0.68
Required:
What are the indirect exchange rates for the British pound and the Canadian dollar?


How many pounds must a British company pay to purchase goods costing $10,000 from a U.S. company?


How many U.S. dollars must be paid for a purchase costing 5,900 Canadian dollars?

 

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