A U.S. investor purchased a $100,000 Canadian dollar CD 180 days ago at a rate of 7 percent. The Canadian spot rate was 1.367 C$/U.S.$ when the investment was made. The U.S. dollar cost of the investment was ________ and the total amount of Canadian investment was _________ C$ after 180 days?
A) 136,700; 107,000
B) $100,000; 107,000
C) $73,153; 103,500
D) $136,700; 103,500
Correct Answer:
Verified
Q26: A. U.S. importer of English china would
Q27: A foreign exchange rate are best described
Q28: The United States can import more goods
Q29: Which of the following is NOT a
Q30: If a Canadian dollar costs $0.84 in
Q32: Exchange rates are influenced by
A) trade flows.
B)
Q33: With reference to international balance of payment
Q34: French importers of U.S. merchandise may be
Q35: Speculative capital flows are investment in financial
Q36: Exchange rate risk is best described as
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents