You Just Returned from Some Extensive Traveling Throughout the Americas

question 105

Multiple Choice

You just returned from some extensive traveling throughout the Americas. You started your trip with $15,000 in your pocket. You spent 2.6 million pesos while in Chile. You spent 1.1 million bolivars in
Venezuela. Then on the way home, you spent 62,000 pesos in Mexico. How many dollars did you
Have left by the time you returned to the U.S. given the following exchange rates?

• A) $4,007
• B) $4,039
• C) $4,117
• D) $4,244
• E) $4,299

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Definitions:

Cyclical Stock

Stocks whose prices are affected by macroeconomic changes in the economy.

Countercyclical Stock

Shares of companies that tend to perform well during economic downturns because they offer goods or services that remain in demand.

Portfolio Weight

The percentage composition of a particular holding or investment relative to the total value of the portfolio.

Expected Return

The forecasted amount of profit or loss an investment is projected to generate, expressed as a percentage of the total invested capital.