Can you help me with my economics assignment please?
Here goes – Find the U.S dollar value of each of the following currencies at the given exchange rates:
a. $1 = C$1.20 (Canadian dollars)
b. $1 = Y140 (Japanese yen)
c. $1 = A$0.5 (Australian dollars)
d. $1 = sKr6 (Swedish krona)
e. $1 = sF1.5 (Swiss francs)
Please give answers and explain how you arrived at it. thanks
Are you asking to find the value of the US $ per unit of the foreign currency? If so, all you have to do is take the reciprical of the ratio.
So, C$1.2 / $1 becomes $1 / C$1.2. Now, carryout the division (1/1.2) to find C$1 = $0.83.
