Nancy Goes on a Globetrotting Escapade, from Vancouver to New

question 81

True/False

Nancy goes on a globetrotting escapade, from Vancouver to New York to Paris. She begins with C$3,000 and converts it to US$. She spends half of her converted US$ in the New York and the rest she converts to Euros. Using the information from Table 3.2 and disregarding any commission, she should have approximately €1,038.29 remaining.
TABLE 3.2 Currency Cross Rates (noon, Toronto, October 30, 2015)
Source: Bank of Canada

---

Definitions:

Incidental Damages

Additional expenses incurred by one party as a result of another party's breach of contract.

Breach of Contract

The failure, without legal excuse, to perform any promise or fulfill any term of a contract or agreement.

Compensatory Damages

Financial compensation awarded to a plaintiff to offset losses or injuries incurred due to the defendant's actions or negligence.

Nonbreaching Party

The party in a contract who has not violated the agreement terms.