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If CIBC Posts 1

Question 24

Multiple Choice

If CIBC posts 1.10CAD/USD - 1.14 CAD/USD bid-ask exchange rates,Scotiabank posts 1.12CAD/USD - 1.15 CAD/USD,and Bank of America posts 0.88USD/CAD - 0.9 USD/CAD exchange rates,what is the maximum amount of CAD can you get for 1 USD?


A) 1.100
B) 1.111
C) 1.120
D) 1.136

Correct Answer:

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