Multiple Choice
On January 25, 2009, one Canadian dollar traded on the foreign exchange market for about 3.33 Romanian new lei. Therefore, one Romanian new lei would have purchased about ________ Canadian dollars.
A) 0.30
B) 1.86
C) 2.86
D) 3.33
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q29: According to the law of one price,if
Q32: An agreement to exchange dollar bank deposits
Q33: A decrease in the expected future domestic
Q44: If the Brazilian demand for Canadian exports
Q46: The expected return on dollar deposits in
Q50: Suppose that the European Central Bank conducts
Q54: In the model of the demand and
Q71: An increase in the domestic interest rate
Q108: If the dollar appreciates from 1.5 Brazilian
Q117: An increase in the expected future domestic