According to this morning's The National Post, you can exchange $1 for $0.92 U.S. in three months. Thus, the ________ is $1.09 Canadian.

Question

Quizplus · Accepted Answer

The given information about exchanging $1 for $0.92 U.S. in three months refers to a forward rate, as it is a rate quoted today for a transaction that will occur in the future. The question is asking for the inverse of this rate, which would be $1.09 Canadian.

According to This Morning's the National Post, You Can Exchange