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If the C$ Weakens by 1½% Relative to the US

Question 7

Multiple Choice

If the C$ weakens by 1½% relative to the US$ (US$1.00 = C$1.0339) , what will be the new value for the US$ per C$1.00?

A) US$0.95270 per C$1.00
B) US$0.96721 per C$1.00
C) US$0.8564 per C$1.00
D) US$1.0339 per C$1.00
E) US$0.8572 per C$1.00

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