Suppose you just reserved a hotel room in Toronto for 100 Canadian dollars. If 1 Canadian dollar trades for 0.75 US dollars, then how much does your room cost in US dollars?
A)$75
B) $100
C) $133
Answer: A
Suppose you just reserved a hotel room in Toronto for 100 Canadian dollars. If 1 Canadian dollar trades for 0.75 US dollars, then how much does your room cost in US dollars?
A)$75
B) $100
C) $133
Answer: A