Suppose That the Following Situation Exists in the Foreign Exchange

question 7

Multiple Choice

Suppose that the following situation exists in the foreign exchange market: 1 Canadian dollar buys $1.01 U.S, and 1 Canadian dollar buys 6.63 South African rand. How many U.S. dollars will one rand buy?

• A)$6.56
• B)$1.01
• C)$0.17
• D)$0.15
• E)$6.63

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Definitions:

Amphetamine

A stimulant drug that increases the activity in the central nervous system, boosting energy, concentration, and alertness.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for integrating sensory information and responding accordingly.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue that extends from the brainstem down the vertebral canal, playing a critical role in transmitting neural signals between the brain and the rest of the body.

Brain

The central organ of the human nervous system, located in the skull, responsible for cognitive and bodily functions.