You Are Given the Following Exchange Rates for the Canadian

question 87

Multiple Choice

You are given the following exchange rates for the Canadian dollar versus the U.S.dollar: Which one of the following statements is correct given this information?

• A)Last week, it took Can$0.8078 to purchase US$1.
• B)This week you can exchange one Canadian dollar for $1.2376 American.
• C)It is cheaper for an American to travel in Canada this week as compared to last week.
• D)The Canadian dollar depreciated from last week to this week.
• E)You would have made a profit if you invested U.S. $100 in Canadian dollars last week and then converted your money back to U.S. dollars this week. Ignore any interest earnings.

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Definitions:

Procedural Leaders

Individuals who focus on the processes and methods used to achieve goals within an organization, ensuring tasks are completed efficiently and effectively.

Resolving Conflicts

The process of finding a peaceful solution to a disagreement among parties.

Non-verbally Expressing

Communicating feelings, thoughts, or information without using spoken words, often through body language.

Repairing Bad Feelings

The process of resolving grievances or disagreements to restore positive emotions or relations.