Choose the Correct Statements

question 73

Multiple Choice

Choose the correct statements. 1. The exchange rate is the value of the Canadian dollar expressed in units of foreign currency per Canadian dollar.
2. The real exchange rate is the relative price of Canadian-produced goods and services to foreign-produced goods and services.
3. The exchange rate is a measure of the quantity of the real GDP of other countries that a unit of Canadian real GDP buys.
4. The exchange rate is the relative price of Canadian-produced goods and services to foreign-produced goods and services.

• A)Statements 1 and 2 are correct.
• B)Statements 3 and 4 are correct.
• C)Statements 1 and 3 are correct.
• D)Statements 2 and 4 are correct.
• E)Statements 2 and 3 are correct.

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Definitions:

Scienter

The knowledge of wrongdoing or fraudulent intent in the commission of a fraudulent act.

Negligent Performance

The failure to act with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

Actual Knowledge

Awareness of a fact or circumstance based on firsthand experience or explicit information; not based on hearsay.

Illegal Payment

A transaction involving money or value that is made in violation of the law or regulatory rules.