57. One day on the New York Currency Exchange, 1 British pound (£1) could be exchanged for $2.75 in U.S. currency, and 1 Canadian dollar ($1) could be exchanged for $0.92 in U.S. currency. On that day, how much Canadian currency, rounded to the nearest Canadian cent, could be exchanged for £2 ?

Answer and Explanation

Your Answer is

Correct Answer is E

Explanation

2 British pounds converted into US dollars is 2*2.75 = 5.5, and the corresponding Canadian dollar is 5.5÷0.92 ≈ 5.98