Suppose that the following situation exists in the foreign exchange market: 1 Canadian dollar buys $0.80 U.S, and 1 Canadian dollar buys 9 South African rand.How many U.S.dollars will one rand buy?
A) $0.80
B) $0.15
C) $0.09
D) $0.14
E) $1.25
Correct Answer:
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Q2: If the exchange rate is 80 U.S.cents
Q3: The law of demand for foreign exchange
Q4: Foreign currency is
A)the bank deposits held by
Q5: Refer to the table below to answer
Q6: Currency depreciation is a reduction in the
A)amount
Q8: Suppose that the Canadian dollar exchanges for
Q9: Suppose that the following situation exists in
Q10: The exchange rate is the
A)price of foreign
Q11: If the exchange rate is above the
Q12: The law of supply of foreign exchange
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