You Are Given the Following Exchange Rates for the Canadian

question 53

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 C$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:

Phthalates

A group of chemicals used to make plastics more flexible and harder to break, often found in various consumer products.

PCBs

Polychlorinated biphenyls, a group of man-made organic chemicals known for their environmental persistence and potential health hazards.

Excess Glucose

A quantity of glucose in the body that surpasses the normal usage and storage levels.