A Project Was Tendered in 2009 for US$3

question 152

Multiple Choice

A project was tendered in 2009 for US$3.5 million, when the exchange rate was US$1.0315 per $C. It started building in 2010 and the money was borrowed from the Canadian bank when the exchange rate fell to US$0.971 per $C. What is the increase in the amount borrowed?

• A) $104 531
• B) $106 883
• C) $110 250
• D) $5719
• E) $211 750

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Definitions:

Complex Job

Employment that involves multifaceted tasks requiring high levels of judgment, decision-making, and creativity.

Procrastinating

The act of delaying or postponing activities or tasks, often leading to stress, anxiety, or failure to achieve goals.

Productivity

The effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.

Individual Control

The extent to which a person feels they have autonomy or influence over their own behavior and decisions.