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When the exchange rate for the Mexican peso changes from 10 pesos to the Canadian dollar
to 9 pesos to the Canadian dollar, then the Mexican peso has ____ and the Canadian dollar
has ____.
A) appreciated; appreciated
B) depreciated; appreciated
C) appreciated; depreciated
D) depreciated; depreciated
Answer: C
Diff: 1 Type: MC Page Ref: 471 - 472
Skill: Applied
Objective List: 19.1 Summarize the basic function performed by the foreign exchange market
On January 25, 2009, one Canadian dollar traded on the foreign exchange market for about
0.75 euros. Therefore, one euro would have purchased about ____ Canadian dollars.
A) 0.75
B) 1.00
C) 1.33
D) 1.75
Answer: C
Diff: 1 Type: MC Page Ref: 471 - 472
Skill: Applied
Objective List: 19.1 Summarize the basic function performed by the foreign exchange market
On January 25, 2009, one Canadian dollar traded on the foreign exchange market for about
49.0 Indian rupees. Thus, one Indian rupee would have purchased about ____ Canadian
dollars.
A) 0.02
B) 1.20
C) 7.00
D) 49.0
Answer: A
Diff: 1 Type: MC Page Ref: 471 - 472
Skill: Applied
Objective List: 19.1 Summarize the basic function performed by the foreign exchange market
On January 25, 2009, one Canadian dollar traded on the foreign exchange market for about
1.15 Swiss francs. Therefore, one Swiss franc would have purchased about ____ Canadian
dollars.
A) 0.30
B) 0.87
C) 1.15
D) 3.10
Answer: B
Diff: 1 Type: MC Page Ref: 471 - 472
Skill: Applied
Objective List: 19.1 Summarize the basic function performed by the foreign exchange market