The Wall Street Journal publishes an exchange rate of US$/C$ = 0.714, where US$ represents the U.S. dollar and C$ represents the Canadian dollar. What does this mean?
A) The Canadian dollar price of one U.S. dollar is US$0.714.
B) The Canadian dollar price of one U.S. dollar is C$0.714.
C) The U.S. dollar price of one Canadian dollar is C$1.40.
D) The U.S. dollar price of one Canadian dollar is US$1.40
E) The U.S. dollar price of one Canadian dollar is US$0.714.

Question

Quizplus · Accepted Answer

The exchange rate of US$/C$ = 0.714 means that one U.S. dollar is worth 0.714 Canadian dollars.

The Wall Street Journal Publishes an Exchange Rate of US$/C