If CIBC Posts 1

question 32

Multiple Choice

If CIBC posts 1.10 CA$/US$ - 1.14 CA$/US$ bid-ask exchange rates,Scotiabank posts 1.12 CA$/US$ - 1.15 CA$/US$,and Bank of America posts 0.88 US$/CA$ - 0.9 US$/CA$ exchange rates,what is the maximum amount of CA$ can you get for 1 US$?

• A) 1.100
• B) 1.111
• C) 1.120
• D) 1.136

---

Definitions:

Duopolists

Duopolists are two firms that dominate a particular market or industry, influencing prices and market outcomes.

Demand for Pizza

The quantity of pizza that consumers are willing and able to purchase at various prices.

Cartel

An association of manufacturers or suppliers designed to maintain high prices and restrict competition.

Demand Curve

A graph representing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at each price.