The Current Exchange Rates Show That C$1

question 92

Multiple Choice

The current exchange rates show that C$1.00 = €0.7448. If you have $200 Canadian dollars, what is the equivalent amount in euros?

• A) €320.71
• B) €148.96
• C) €136.50
• D) €268.53
• E) €150.70

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Definitions:

Usage of Trade

Established practices or methods commonly accepted and widely adopted in a particular industry or commerce.

Parol Evidence Rule

A legal principle that prevents parties from using oral or extrinsic evidence to contradict a written agreement.

Statute of Frauds

A legal requirement for certain types of contracts, such as those involving real estate, to be in written form to be valid.

Sales Contracts

Sales contracts are formal agreements between a buyer and seller detailing the terms of a transaction of goods or services.