Assume That $1 Is Equal to £

question 38

Multiple Choice

Assume that $1 is equal to £.77 and equal to C$1.27. Based on this, you could say that C$1 is equal to: C$1(£.77/C$1.27) = £.61. The exchange rate of C$1 = £.61 is referred to as the:

• A) open exchange rate.
• B) cross-rate.
• C) backward rate.
• D) forward rate.
• E) interest rate.

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Definitions:

Vascular Bundles

Structures in plants that contain xylem and phloem tissues, responsible for the transport of water, nutrients, and sugars.

Monocot

Refers to monocotyledons, a group of flowering plants that possess one embryonic leaf or cotyledon in their seeds.

Epidermis

The outermost layer of cells in plants and animals, serving as a protective barrier against environmental damage.

Cuticle

A protective and waterproof outer layer of a plant or arthropod, composed of organic material and often preventing water loss.