Posted by **Anonymous** on Sunday, January 20, 2013 at 4:59pm.

Many nations compare the value of their currency to the US dollar. On a day early in 2009, $1 CDN (1 Canadian dollar) was worth $0.8290 USD (US dollar). This is known as an exchange rate. On the same date $1 USD could be used to buy 0.7579 Euros or 0.6709 UK pounds (United Kingdom pounds Sterling).

Demonstrate and explain how the above exchange rates could be used to create composite functions to convert Canadian dollars to Euros or UK pounds. (4 marks)

I am planning a trip to Portugal, Spain and France with a side trip to England. Using your composite functions, determine how many Euros I could get for $1000 CDN and how many UK pounds for $500 CDN. (2 marks)

## Answer this Question

## Related Questions

- Math - Many nations compare the value of their currency to the US dollar. On a ...
- Math - Many nations compare the value of their currency to the US dollar. On a ...
- MATH! - If the Canadian dollar is worth 49% less than the U.S. dollar, then the ...
- Finance - The spot exchange rate for the Canadian dollar is Can $1.14 and the ...
- statistics - I have 6 bills that total $63 and there are no $1 or coins? what ...
- economics - If a country sells a currency dollar would the exchange rate price ...
- Exchange Rates Help - Hello, How do you know if the Canadian dollar is rising or...
- Economics - What does it mean when one currency is falling against another ...
- Pseudocode programming - I need a currency conversion application. It does not ...
- economics - What effects will this change have on the exchange rate of the ...

More Related Questions