Subject Business Economics

Question

Suppose one US dollar is worth 1.25 Canadian dollars.  Also, suppose that one Canadian dollar is worth .75 Euros.  You plan to purchase a lamp for 100 Euros.  How many US dollars are needed to purchase the lamp?  Your answer in  US dollars is

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(All these calculations are based on the assumption that there are no currency conversion commissions)

The lamp is 100 euros
Each euro is 0.75 Canadian dollars...

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$10.00

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