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The Average Rates in Effect for 2010 and 2011 Were

Question 34

Multiple Choice

The average rates in effect for 2010 and 2011 were as follows: By what amount (in Canadian Dollars) would XYZ have to adjust its Loan Liability on December 31, 2011 as a result of the year's foreign exchange rate fluctuations? A) $3,500 decrease. B) $2,500 decrease. C) Nil. D) $2,500 increase. The average rates in effect for 2010 and 2011 were as follows: By what amount (in Canadian Dollars) would XYZ have to adjust its Loan Liability on December 31, 2011 as a result of the year's foreign exchange rate fluctuations? A) $3,500 decrease. B) $2,500 decrease. C) Nil. D) $2,500 increase. The average rates in effect for 2010 and 2011 were as follows: The average rates in effect for 2010 and 2011 were as follows: By what amount (in Canadian Dollars) would XYZ have to adjust its Loan Liability on December 31, 2011 as a result of the year's foreign exchange rate fluctuations? A) $3,500 decrease. B) $2,500 decrease. C) Nil. D) $2,500 increase. By what amount (in Canadian Dollars) would XYZ have to adjust its Loan Liability on December 31, 2011 as a result of the year's foreign exchange rate fluctuations?


A) $3,500 decrease.
B) $2,500 decrease.
C) Nil.
D) $2,500 increase.

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