Answered

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a) When Cameron went to Canada last, he exchanged 40 U.S. dollars for 46.52 Canadian dollars. Now, Cameron
exchanged 40 US Dollars, did he receive more or less than he received last time he visited? How much more or
less? Show all work!

Sagot :

Answer:

Less

Step-by-step explanation:

Working with the information provided, we are to determine whether Cameron obtained via exchange more or less on his second trip to Canada. While the time frame for this would help, it's likely that it isn't offered to you, so I'm going to try and simplify.

He would receive less, as the inflation rate in America is higher than in Canada, meaning U.S dollars depreciate in value faster.

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