foreign exchange rates\ncurrency\nforeign currency in us dollars\nus dollars in foreign currency\nuk/pound\n2…
foreign exchange rates\ncurrency\nforeign currency in us dollars\nus dollars in foreign currency\nuk/pound\n2.0292\n.4928\njapan/yen\n.0084\n118.9599\nindia/rupee\n.0248\n40.3950\ncanada/dollar\n.9394\n1.0645\nin relation to the indian rupee, the canadian dollar\nis worth significantly less\nis worth slightly less\nis worth slightly more\nis worth significantly more
Answer
Explanation:
Step1: Find value of 1 Canadian - dollar in US - dollars
The value of 1 Canadian dollar in US dollars is $0.9394$.
Step2: Find value of 1 Indian rupee in US - dollars
The value of 1 Indian rupee in US dollars is $0.0248$.
Step3: Calculate how many Indian rupees equal 1 Canadian dollar
Let $x$ be the number of Indian rupees in 1 Canadian dollar. Then $x=\frac{0.9394}{0.0248}\approx37.9$. Since 1 Canadian dollar is worth about 37.9 Indian rupees, the Canadian dollar is worth significantly more than the Indian rupee.