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The Average Rates in Effect for 2010 and 2011 Were

question 28

Multiple Choice

    The average rates in effect for 2010 and 2011 were as follows:   By what amount (in Canadian Dollars)  would XYZ have to adjust its Loan Liability on December 31, 2010 as a result of the year's foreign exchange rate fluctuations? A)  A $5,000 decrease. B)  A $2,500 decrease C)  Nil. D)  A $5,000 increase.     The average rates in effect for 2010 and 2011 were as follows:   By what amount (in Canadian Dollars)  would XYZ have to adjust its Loan Liability on December 31, 2010 as a result of the year's foreign exchange rate fluctuations? A)  A $5,000 decrease. B)  A $2,500 decrease C)  Nil. D)  A $5,000 increase. The average rates in effect for 2010 and 2011 were as follows:     The average rates in effect for 2010 and 2011 were as follows:   By what amount (in Canadian Dollars)  would XYZ have to adjust its Loan Liability on December 31, 2010 as a result of the year's foreign exchange rate fluctuations? A)  A $5,000 decrease. B)  A $2,500 decrease C)  Nil. D)  A $5,000 increase. By what amount (in Canadian Dollars) would XYZ have to adjust its Loan Liability on December 31, 2010 as a result of the year's foreign exchange rate fluctuations?


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