If the Exchange Rate Between the Canadian Dollar [C$] and the U.S

question 22

Multiple Choice

If the exchange rate between the Canadian dollar [C$] and the U.S. dollar [$] on January 6, 2010 is C$/$ = 1.03, then the exchange rate $/C$ will be:

• A) 0.67.
• B) 0.79.
• C) 0.97.
• D) 1.97.
• E) 1.33.