In Order to Have a Return of 5

question 49

Multiple Choice

In order to have a return of 5.33% over a month from the exchange between British pounds and Canadian dollars, what is the spot rate if the same exchange rate was 0.424 British pounds per Canadian dollar last month?

• A) C$1.8165 per pound
• B) C$1.9126 per pound
• C) C$2.4842 per pound
• D) 0.5779 pound per Canadian dollar
• E) 0.4466 pound per Canadian dollar

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Definitions:

Parenting Responses

The actions or reactions of parents in response to their child's behavior, needs, or emotional states, which play a crucial role in the child's development and wellbeing.

Moral Reasoning

The process of determining right and wrong in situations, guided by personal, societal, or ethical principles.

Males

Refers to the male gender or individuals who are biologically identified as male.

Females

Refers to the sex of an organism, or a part of an organism, which is biologically capable of producing eggs or bearing offspring.