1. Exchange-rate essentials Aa Aa Use the information in this table to answer th
ID: 1115475 • Letter: 1
Question
1. Exchange-rate essentials Aa Aa Use the information in this table to answer the questions that follow. Exchange Rates On May 1, 2008 On May 1, 2009 Country (Currency) Currency Symbol Per Per € Per $ Per € Canada (dollar) Eurozone (euro) Japan (yen) United Kingdom (pound) United States (dollar) 1.519 1.114 0.734 119.5 0.501 C$ 1.011 1.574 or EUR 0.642 162.9 0.683 1.363 104.2 162.1 0.79 1.558 0.507 What was the U.S. exchange rate agat the euro on May 1, 2009? O 0.642 $ per O 0.642 per $ O 1.558 per $ 1.558 $ per O What was Canada's exchange rate against the U.S. dollar on May 1, 2008? 0.898 C$ per $ O 1.114 C$ per $ O 0.898 $ per C$ 1.114 $ per C$ What was the U.S. exchange rate against the British pound on May 1, 20097 1.972 $per E 1.972 E per s 0.507 per s 0.507 $ per E Which of the following are true based on the time period from May 1, 2008, to May 1, 2009? Check all that apply The British pound appreciated against the euro. The Canadian dollar appreciated against the U.S. dollar The U.S. dollar depreciated against the Japanese yen. The euro depreciated against the u.s. dollarExplanation / Answer
1. According to the table, in may 2009 exchange rate is 0.642 per dollar.
2. According to the table, 1.114 canadian dollar is equal to $1
the exchange rate is 1/1.114-=.$898 against one C$.
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