569 #
© 2014 Pearson Canada Inc.#
On January 25, 2009, one Canadian dollar traded on the foreign exchange market for about
3.33 Romanian new lei. Therefore, one Romanian new lei would have purchased about
____ Canadian dollars.
A) 0.30
B) 1.86
C) 2.86
D) 3.33
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
If the Canadian dollar appreciates from 1.25 Swiss franc per Canadian dollar to 1.5 francs
per dollar, then the franc depreciates from ____ Canadian dollars per franc to ____
Canadian dollars per franc.
A) 0.80; 0.67
B) 0.67; 0.80
C) 0.50; 0.33
D) 0.33; 0.50
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
If the British pound appreciates from $0.50 per pound to $0.75 per pound, the Canadian
dollar depreciates from ____ per dollar to ____ per dollar.
A) £2; £2.5
B) £2; £1.33
C) £2; £1.5
D) £2; £1.25
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
If the Japanese yen appreciates from $0.01 per yen to $0.02 per yen, the Canadian dollar
depreciates from ____ per dollar to ____ per dollar.
A) 100¥; 50¥
B) 10¥; 5¥
C) 5¥; 10¥
D) 50¥; 100¥
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