WorksheetsExchange Rates - Checkup
Total questions: 5
Worksheet time: 3mins
When two currencies are trading 'at par', it means that
Both currencies can be used to pay for charges at a golf course
The bank will accept both currencies and exchange them for other currencies
They have equal value. (e.g. 1 Mexican Peso is worth 1 US dollar)
They won't be accepted by the banks outside of their own country.
The exchange rate between Mexican Pesos and Canadian Dollars is currently 15:1. How many Pesos would you receive in exchange for 100 Canadian dollars?
100
Between 6 and 7
15000
1500
The exchange rate between Mexican Pesos and Canadian Dollars is currently 15:1. How many Canadian dollars would you receive in exchange for 100 Mexican Pesos?
100
Between 6 and 7
15000
1500
The exchange rate between Canadian dollars and American dollars is 1.3 : 1. How many Canadian dollars would you receive in exchange for 50 American dollars?
$50.30
$51.30
$65
We cannot trade these two currencies
The exchange rate between Canadian dollars and American dollars is 1.3 : 1. How many American dollars would you receive in exchange for 50 Canadian dollars?
Approximately $38
$50.30
$51.30
We cannot trade these two currencies
