If the exchange rate from U.S. dollars to Canadian dollars is $.80/Canadian dollar, then the exchange rate from Canadian dollars to U.S. dollars is:

A) .80 Canadian $/US dollar.
B) $1.25 Canadian $/US dollar.
C) $1.20 Canadian $/US dollar.
D) $8.00 Canadian $/US dollar.

Question

Viktoriia Bazyliak · Accepted Answer

Final Answer : B, Explanation :  To find the exchange rate from Canadian dollars to U.S. dollars, we need to take the reciprocal of $.80/Canadian dollar. This gives us 1/($.80/Canadian dollar) = $1.25/Canadian dollar. Therefore, the exchange rate from Canadian dollars to U.S. dollars is $1.25/Canadian dollar.

If the exchange rate from U.S. dollars to Canadian dollars is $.80/Canadian dollar, then the exchange rate from Canadian dollars to U.S. dollars is:

A) .80 Canadian $/US dollar.
B) $1.25 Canadian $/US dollar.
C) $1.20 Canadian $/US dollar.
D) $8.00 Canadian $/US dollar.

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Learning Objectives

Related questions

If the exchange rate from U.S. dollars to Canadian dollars is $.80/Canadian dollar, then the exchange rate from Canadian dollars to U.S. dollars is:A) .80 Canadian $/US dollar.B) $1.25 Canadian $/US dollar.C) $1.20 Canadian $/US dollar.D) $8.00 Canadian $/US dollar.

Definitions

Learning Objectives

Learning Objectives

Related questions

If the exchange rate from U.S. dollars to Canadian dollars is $.80/Canadian dollar, then the exchange rate from Canadian dollars to U.S. dollars is:

A) .80 Canadian $/US dollar.
B) $1.25 Canadian $/US dollar.
C) $1.20 Canadian $/US dollar.
D) $8.00 Canadian $/US dollar.