Assume You Can Exchange Can$179 for £100

question 48

Multiple Choice

Assume you can exchange Can$179 for £100.Also assume you can exchange Can$1.1238 for $1 and $1.6024 for £1.How much profit can you earn in U.S.dollars if you start out with $500? Ignore transaction costs.

• A)$3.01
• B)$2.61
• C)$3.57
• D)$3.64
• E)$2.90

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Definitions:

Negatively Worded Items

Negatively worded items are questions or statements in surveys or questionnaires that are phrased in a negative manner, which can affect the responses or interpretations of the data.

Scale

A measurement tool or system that quantifies or categorizes variables, often used in surveys and research.

Factor Analysis

A statistical technique that uncovers latent variables or factors responsible for the correlation patterns among a collection of observed variables.

Variables

Characteristics or conditions that can change and potentially affect the outcome of a study or experiment.