If the C$ weakens by 1½ % relative to the US$ (US$1.00 = C$1.0852) , what will be the new value for the US$ per C$1.00?
A) US$.93552 per C$1.00
B) US$1.06892 per C$1.00
C) US$0.90767 per C$1.00
D) US$0.93531 per C$1.00
E) US$0.92149 per C$1.00
Correct Answer:
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