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If the C$ Weakens by 2½% Relative to the US

Question 22

Multiple Choice

If the C$ weakens by 2½% 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$0.8146 per C$1.00
B) US$0.9430 per C$1.00
C) US$0.8665 per C$1.00
D) US$1.0339 per C$1.00
E) US$0.8651 per C$1.00

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