If the Number of US$ Per C$1

question 6

Short Answer

If the number of US$ per C$1.00 rises from 0.9623 to 0.9766, what will be the change in the C$ price to an importer of a US$1,500 item?

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Definitions:

Financial Assets

Assets that derive value because of a contractual claim on them, such as stocks, bonds, bank deposits, and other investments.

Non-Financial Assets

Assets that are not in the form of cash or cannot be easily converted to cash, such as property, plant, and equipment.

Risk-Free Assets

Investments that are considered to carry no risk of financial loss, typically represented by government bonds or treasury bills.

Equity Investments

Investments in stocks or shares, representing ownership in a company or entity and participation in its profits.