Respuesta :
The exchange rate between the cad and the USD is 1CAD = 0.82USD. You have USD12,000. We can buy 14364.15 CAD.
[tex]0.82USD=1CAD\\ \\1USD=\frac{1}{0.82\\ \\} CAD\\ \\12000USD=\frac{1}{0.82} 12000CAD\\ \\=14634.15CAD[/tex]
What do you mean by exchange rate?
- An exchange rate is the relative price of one currency expressed in another currency (or group of currencies).
- For economies like Australia that are actively involved in international trade, the exchange rate is an important economic variable.
- Changes in it affect economic activity, inflation and the national balance of payments. (See Explainer: Exchange rates and the Australian economy.) The Australian dollar is also the fifth most traded currency in foreign exchange markets.
- There are different ways of measuring exchange rates and over the years there have been different operational measures to determine the value of Australia's exchange rate.
To learn more about exchange rate, refer to:
brainly.com/question/22996931
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