If the C$ Strengthens by 3% Relative to the Euro

question 206

Multiple Choice

If the C$ strengthens by 3% relative to the euro (C$1.00 = €0.7448) , what will be the new value for the euro per C$1.00?

• A) €0.7671 per C$1.00
• B) €0.7049 per C$1.00
• C) €0.7429 per C$1.00
• D) €0.4797 per C$1.00
• E) €0.8107 per C$1.00

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Definitions:

Voltaic Cell

A device that converts chemical energy into electric energy.

Acid

A substance that donates hydrogen ions (H+) to solutions and can accept a pair of valence electrons to form a bond.

Metals

Elements that are typically hard, shiny, malleable, fusible, and conductive, often used for electrical wiring, building materials, and tools.

Alkaline

A type of basic, as opposed to acidic, substance; in batteries, it refers to a type using alkaline electrolytes such as potassium hydroxide, known for long life and steady power output.