Assume the U.S. dollar is worth £0.55, and the Canadian dollar is worth £0.47. What is the value of the Canadian dollar in U.S. dollars to the nearest cent? | Faculties

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Vijay Sangwan

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📊 International Financial Management

Q. Assume the U.S. dollar is worth £0.55, and the Canadian dollar is worth £0.47. What is the value of the Canadian dollar in U.S. dollars to the nearest cent?

(A) 1.54.
(B) 0.42.
(C) 0.15
(D) 0.85

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✅ Correct Answer: (D) 0.85

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