Currently,$1 Will Buy C$1

question 95

Multiple Choice

Currently,$1 will buy C$1.36 while $1.10 will buy €1. What is the exchange rate between the Canadian dollar and the euro?

• A) C$1 = €1.10
• B) C$1 = €.9091
• C) C$1 = €1.2364
• D) C$1.36 = €1.10
• E) C$1.36 = €.9091

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Definitions:

Umbrella Liability

A package of several kinds of insurance.

Liability Insurance

A type of insurance that provides protection against claims resulting from injuries and damage to people or property.

Economical Premium

A cost-effective payment or fee, usually for insurance, that provides value or savings over time.

Coverage

The extent to which insurance policies or financial protection plans will compensate for losses or damages incurred.