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

question 76

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 ASK cross-exchange rate for Canadian dollars priced in euro? Hint: Find the price that a currency dealer will take in euro to sell Canadian dollars.

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

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Definitions:

Shield

A large, flat area of ancient, hard rock on the Earth's surface, often found in continental interiors and known for its geological stability.

Viscous Magma

Magma that does not flow easily.

Abundant Silica

The presence of a high concentration of silicon dioxide in rocks or magma, which affects their viscosity and melting point.

Less Viscous

Refers to a substance's decreased resistance to flow, implying it moves more freely compared to more viscous materials.