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Business, 05.05.2020 17:13 paulesparsa6

If the exchange rate between the U. S. dollar and the Canadian dollar is 1:1.3,
which of the following is true?

A. A $5 item costs three times as much in Canada as it does in the
United States.

B. It costs more to buy a $5 item in Canada than it does in the United
States.

C. A $5 item costs three times as much in the United States as it
does in Canada.

D. It costs less to buy a $5 item in Canada than it does in the United
States.

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Answers: 1

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If the exchange rate between the U. S. dollar and the Canadian dollar is 1:1.3,
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