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Question
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Posted 7 months ago
Leah is a Canadian citizen who wants to go to the World Cup, which is being held in Russia. If Leah wants to enjoy some delicious blini while watching the game, she will need to trade in her Canadian dollars for Russian rubles.
Which of the following is the correct way to express the exchange rate of a Canadian dollar?
Choose 1 answer:
(A) 1 CAD\\$$ per 40 rubles
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Answer from Sia
Posted 7 months ago
Solution by Steps
step 1
To express the exchange rate of a Canadian dollar to Russian rubles, we need to state how many rubles one Canadian dollar can buy or vice versa
step 2
The correct expression of an exchange rate is typically in the form of 'domestic currency per unit of foreign currency' or 'foreign currency per unit of domestic currency'
step 3
The answer choice that correctly expresses the exchange rate in one of these forms is the one we are looking for
Answer
D
Key Concept
Exchange Rate Expression
Explanation
The exchange rate is correctly expressed as the amount of foreign currency equivalent to one unit of domestic currency, which is option D: 40 Rubles per 1 CAD$.
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