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24 September, 23:23

If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American dollar, how many American dollars are required to buy a product that costs 2.5 Canadian dollars? A. $2.75 B. $2.23 C. $1.32 D. $2.81

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  1. 24 September, 23:52
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    Answer:C

    Explanation: Since you need 2.5 Canadian Dollars,.89 = to 1. Therefore 2.5 times the. 89 equals to 2.225, or rounding up to 2.23
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