how much would it cost (in canadian dollars) for a canadian to buy a boomerang costing $52.03 australian dollars if the exchange rate is 0.93 australian dollars per canadian dollar? round to two decimal places in your answer.

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19-12-2022
Business

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how much would it cost (in canadian dollars) for a canadian to buy a boomerang costing $52.03 australian dollars if the exchange rate is 0.93 australian dollars per canadian dollar? round to two decimal places in your answer.

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tutorconsortium613 tutorconsortium613 · Answer 1 · 2022-12-22T01:24:50-05:00

The correct answer is $48.33.

In order to get the cost of a boomerang costing $52.03 Australian dollars if the exchange rate is 0.93 Australian dollars per Canadian dollar is - 0.93 × $52.03 = 48.3879.

What is the exchange rate?

The price of a country's money in relation to other country's money is called the exchange rate. An exchange rate is “fixed” when countries use gold or other agreed-upon standards, and each currency is cost a specific unit of the metal or other standard.

What is currency?

An intermediate exchange for goods and services is currency. Shortly, it's money, in the form of paper and coins, often issued by a government and usually accepted at its nominal value as a method of payment.

To know more about the exchange rate, visit;-

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