What Is the BID Cross-Exchange Rate for Canadian Dollars Priced

question 20

Multiple Choice

$$\begin{array} { | l | c | c | } \hline & { \text { USD equivalent } } \\\hline \text { Courtry } & \text { BID } & \text { ASK } \\\hline \text { Carada (Dollar) } & 0.8653 & 0.8667 \\\hline \text { Euro € } & 1.4000 & 1.4200 \\\hline\end{array}$$ What is the BID cross-exchange rate for Canadian dollars priced in euro? Hint: Find the price that a currency dealer will pay in euro to buy Canadian dollars.

• A)€0.6094/CAD
• B)€0.6104/CAD
• C)€0.6181/CAD
• D)€0.6191/CAD

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Definitions:

Eyespots

Simple visual organs found in some unicellular organisms, allowing them to sense light direction and intensity.

Sea Stars

Marine echinoderms belonging to the class Asteroidea, known for their star-shaped body and capability of regeneration.

Predators

Creatures that pursue, capture, and eat other beings for nourishment.

Cephalopods

A group of mollusks encompassing octopuses, squids, cuttlefish, and nautiluses, known for their bilateral symmetry of the body, distinct head, and multiple arms or tentacles.