1) Canada has the following exchange rates with other countries. 1 CAD = .79 U.S...
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1) Canada has the following exchange rates with other countries. 1 CAD = .79 U.S dollars 1 CAD = 14.5 pesos Mexican 1 CAD = .63 Great British pounds A Canadian company is looking to purchase raw materials for usage in manufacturing. It has three quotes from three foreign companies. They can purchase the materials for 1,400,000 U.S dollars, or 20,000,000 Mexican Pesos or 1,200,000 great British pounds. Show your work A) what is the cost in Canadian dollars for each foreign companys raw materials (2 application 2 thinking)
B) What is it called when a country has more exports with a trading partner than imports? (1 mark)C) What could be a potential reason for Canada to not choose the option chosen in part B? Be specific (2 Thinking 2 communication)
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