Table 14.2 -Refer to Table 14.2.Given the Following Exchange Rates in the Rates

question 24

Multiple Choice

Table 14.2
-Refer to Table 14.2.Given the following exchange rates in the above table, what are the exchange rates stated as Canadian dollars per Mexican peso and Canadian dollars per British pound respectively?

• A)0.10 dollars per peso and 2.00 dollars per pound
• B)1.00 dollars per peso and 20.00 dollars per pound
• C)0.01 dollars per peso and 0.20 dollars per pound
• D)0.10 dollars per peso and 5.00 dollars per pound
• E)0.01 dollars per peso and 0.50 dollars per pound

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Definitions:

Net Domestic Product

The sum of the market value of all domestically produced goods and services in a country during a given time period, subtracting the loss in value from depreciation.

Indirect Business Taxes

Taxes levied on the production, sale, or consumption of goods and services, such as sales tax or value-added tax (VAT), indirectly paid by consumers.

Direct Taxes

Taxes that are levied directly on the income or wealth of an individual or organization, such as income tax and property tax.

Per Capita Real GDP

This is a measure of the average economic output per person, adjusted for inflation, in a specific area.