If the C$ Strengthens by 4% Relative to the Euro

question 135

Multiple Choice

If the C$ strengthens by 4% relative to the euro (C$1.00 = €0.7448) , what will be the new value for the euro per C$1.00?

• A) €0.5987 per C$1.00
• B) €0.7485 per C$1.00
• C) €0.4454 per C$1.00
• D) €0.7496 per C$1.00
• E) €0.7746 per C$1.00

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