If the Canadian Dollar Were Replaced with a "New Dollar

question 225

Multiple Choice

If the Canadian dollar were replaced with a "new dollar" at an exchange rate of one new dollar for five old dollars,then a loan of $10 000 would become a debt of _____ new dollars.

• A) 50 000
• B) 10 000
• C) 9 995
• D) 2 000

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