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SOLVED: Suppose the direct foreign exchange rates in U.S. dollars are 1British pound = 1.20 1 Canadian dollar = 0.68 Required: a. Whatare the indirect exchange rates for the British pound and theCanadian dollar? (Round your answers to 4 decimal places.) b. Howmany pounds must a British company pay to purchase goods costing12,000 from a U.S. company? (Do not round intermediatecalculations.) c. How many U.S. dollars must be paid for a purchasecosting 4,400 Canadian dollars? (Do not round intermedi
SOLVED: Suppose the direct foreign exchange rates in U.S. dol…
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