You are given the following exchange rates for the Canadian dollar versus the U.S. dollar: 
Which one of the following statements is correct given this information?
A) Last week, it took C$0.8078 to purchase US$1.
B) This week you can exchange one Canadian dollar for $1.2376 American.
C) It is cheaper for an American to travel in Canada this week as compared to last week.
D) The Canadian dollar depreciated from last week to this week.
E) You would have made a profit if you invested U.S. $100 in Canadian dollars last week and then converted your money back to U.S. dollars this week. Ignore any interest earnings.
Correct Answer:
Verified
Q21: Assume you can currently exchange one U.S.dollar
Q35: Assume that Q36: Which one of the following occurs when Q37: Currently, you can exchange $1 for Sf1.14. Q38: Relative purchasing power parity is based on Q40: The U.S. dollar equivalent is 0.4502 for Q41: You are planning a trip to the Q42: Which one of the following is the Q43: Currently, you can exchange $1 for 100.37 Q44: In New York, you can exchange $1
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