Q11-2 - One local currency unit $1.00 (U.S. dollars) The...

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Q11-2 The direct exchange rate can be calculated by taking the inverse of the indirect exchange rate. Such a computation follows: Number of foreign currency units = C$1.3623 (Canadian dollars)
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Unformatted text preview: One local currency unit $1.00 (U.S. dollars) The inverse of the indirect exchange rate is: $1.00 (U.S. dollars) = C$1.36 (Canadian dollars) $0.7340...
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This note was uploaded on 10/22/2008 for the course ACC 440 taught by Professor Henderson during the Summer '08 term at University of Phoenix.

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