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Question: Suppose you are planning a trip to whistler, Canada (just outside of Vancouver) this summer to do...

Show transcribed image text Suppose you are planning a trip to whistler, Canada (just outside of Vancouver) this summer to do some downhill mountain biking. You estimate you will need 4,000 Canadian dollars (CAD) to make the trip. If, when it comes time to travel to Canada this summer, the exchange rate is $0.96/CAD, you will need ___ U.S. dollars to obtain 4,000 CADs. Conversely, if the exchange rate is $1.16/CAD, you will need ___ U.S. dollars to obtain 4,000 CADs for your trip. a. 3, 840; 4, 640 b. 4, 166.67; 3, 448.28 c. 4, 640; 3, 840 d. 3, 448.28; 4, 166.67

Suppose you are planning a trip to whistler, Canada (just outside of Vancouver) this summer to do some downhill mountain biking. You estimate you will need 4,000 Canadian dollars (CAD) to make the trip. If, when it comes time to travel to Canada this summer, the exchange rate is $0.96/CAD, you will need ___ U.S. dollars to obtain 4,000 CADs. Conversely, if the exchange rate is $1.16/CAD, you will need ___ U.S. dollars to obtain 4,000 CADs for your trip. a. 3, 840; 4, 640 b. 4, 166.67; 3, 448.28 c. 4, 640; 3, 840 d. 3, 448.28; 4, 166.67