Question

If you were told that the exchange rate was 1.2 Canadian dollars per U.S. dollar, a watch that costs $12 US dollars would cost $8.5 Canadian dollars. $10 Canadian dollars. $12.20 Canadian dollars. $14.40 Canadian dollars. Question 3 (1 point)

          If you were told that the exchange rate was 1.2 Canadian dollars per U.S. dollar, a
watch that costs $12 US dollars would cost
$8.5 Canadian dollars.
$10 Canadian dollars.
$12.20 Canadian dollars.
$14.40 Canadian dollars.
Question 3 (1 point)
        
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If you were told that the exchange rate was 1.2 Canadian dollars per U.S. dollar, a
watch that costs 12 US dollars would cost8.5 Canadian dollars.
10 Canadian dollars.12.20 Canadian dollars.
14.40 Canadian dollars.
Question 3 (1 point)

Added by Ines M.

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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If you were told that the exchange rate was 1.2 Canadian dollars per U.S. dollar, a watch that costs $12 US dollars would cost $14.40 Canadian dollars.
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Transcript

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00:01 Okay, so we are starting with 60 canadian dollars, and i'm just going to abbreviate canadian with c -a -n there.
00:09 And we need to convert the 60 canadian dollars to u .s.
00:13 Dollars.
00:14 And we are told that the conversion of one u .s.
00:19 Dollar is 1 .466 canadian dollars.
00:23 So if we need to cancel out the unit of canadian dollars, we are going to use what we know, that one u .s.
00:35 Dollar, and i'll put u .s...
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