If it takes 1.45 US dollars to buy 1.00 Euros, then how many Euros does it take
ID: 1226686 • Letter: I
Question
If it takes 1.45 US dollars to buy 1.00 Euros, then how many Euros does it take to buy one US dollar?
Question 9 options:
1.00
0.55
1.45
0.69
There is not enough information to answer the question.
Suppose the exchange rate between the U.S. dollar (USD) and the Canadian dollar was initially $0.92 CAD = $1.00 USD, but then changed to $1.03 CAD = $1.00 USD. Which of the following is more likely to appear cheaper to the buyer and therefore more likely to happen now?
Question 10 options:
A Canadian will take a vacation at Disney World in Florida.
GM will choose a Canadian supplier instead of a U.S. firm to produce auto parts for it’s U.S.-assembled cars
GM will choose a U.S. supplier instead of a Canadian firm to produce auto parts for it’s U.S.-assembled cars
A resident of Montreal, Quebec will choose to visit and vacation in New York City.
a and c above
1.00
0.55
1.45
0.69
There is not enough information to answer the question.
Suppose the exchange rate between the U.S. dollar (USD) and the Canadian dollar was initially $0.92 CAD = $1.00 USD, but then changed to $1.03 CAD = $1.00 USD. Which of the following is more likely to appear cheaper to the buyer and therefore more likely to happen now?
Question 10 options:
A Canadian will take a vacation at Disney World in Florida.
GM will choose a Canadian supplier instead of a U.S. firm to produce auto parts for it’s U.S.-assembled cars
GM will choose a U.S. supplier instead of a Canadian firm to produce auto parts for it’s U.S.-assembled cars
A resident of Montreal, Quebec will choose to visit and vacation in New York City.
a and c above
Explanation / Answer
Question 9:
* 0.69
(1 Euro = 1/1.45 = 0.69)
* GM will choose a Canadian supplier instead of a U.S. firm to produce auto parts for its U.S.-assembled cars
(Because Canadian dollar has become cheaper when compared to the U.S. dollar).
*****
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