If the C$ Strengthens by 1% Relative to the US

question 28

Multiple Choice

If the C$ strengthens by 1% relative to the US$ (US$1.00 = C$1.0339) , what will be the new value for the US$ per C$1.00?

• A) US$0.8350 per C$1.00
• B) US$0.8434 per C$1.00
• C) US$1.0339 per C$1.00
• D) US$0.9769 per C$1.00
• E) US$0.9672 per C$1.00