Question

If the current exchange rate is 1.333 Canadian dollars for 1.00 US dollars, measured the "other way," the exchange rate would be:_____

Answer 1

To find the exchange rate of Canadian dollars to US dollars, take the inverse of the current rate, which would give approximately 0.7502 US dollars for 1 Canadian dollar.

Step-by-step explanation:

When the current exchange rate is 1.333 Canadian dollars for 1.00 US dollars, we can calculate the inverse of this rate to find out how many US dollars one would get for 1 Canadian dollar. To find this value, you simply take 1 and divide it by the current exchange rate. Therefore, measured the 'other way,' the exchange rate would be approximately 0.7502 US dollars for 1 Canadian dollar (1 ÷ 1.333 ≈ 0.7502).