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

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Definitions:

North-South

A direction or orientation aligning with the Earth's magnetic or true north and south poles.

East-West

A directional orientation parallel to the equator, used to describe the relative positioning of geographic features or movements on Earth.

Shortened

Made smaller in length, duration, or extent.

Metamorphic Grade

A classification of the degree of metamorphism or the extent of crystalline, structural, and chemical changes that have occurred in a rock due to heat, pressure, and chemical processes.