Foreign Exchange Graded Assignment | Read Chapter 11 | Back to Assignment Due Fr

Question

Foreign Exchange Graded Assignment | Read Chapter 11 | Back to Assignment Due Friday 12.01.17 at 11:45 PM Average: 3 Attempts: 1. Exchange-rate essentials Use the information in this table to answer the questions that follow Aa Aa Exchange Rates On May 1, 2011 On May 1, 2012 Country (Currency) Per* 1.372 0.835 110.5 0.562 0.674 0.524 0.675 Currency Symbol Per € Per* Per € Canada (dollar) Eurozone (euro) Japan (yen) United Kingdom (pound) United States (dollar) C$ 1.644 1.26 1.622 or EUR 132.4 104.8 134.9 1.198 1.287 What was the U.S. exchange rate against the euro on May 1, 2012? Q 1.2875 per € 1.287 € per $ 0.777% per € 0.777 C per $ O What was Canada's exchange rate against the U.S. dollar on May 1, 2011? O 1.372 $ per C$ 0.729 per C$ O 1.372 C$ per $ O 0.729 C$ per $ What was the U.S. exchange rate against the British pound on May 1, 2012? 0.524E per 1.908 per E 0.5245 per £ 1.908 £ per Which of the following are true based on the time period from May 1, 2011, to May 1, 2012? Check all that apply The Canadian dollar appreciated against the U.S. dollar The euro depreciated against the U.S. dollar The U.S. dollar depreciated against the Japanese yen. 'he British pound appreciated against the euro QNA 3.16 2004-2016 Apli. All rights reserved © 2013 Cengage Learning except as noted. All rights reserved. Grade It Now Save & Continue Continue without saving

Explanation / Answer

1) euro dollar ecchange rAte=1/0.77=1.287 euronper dollar. Ans is B

2)C. 1.372 canada dollar=1US dollar

3)A. 1dollar=0.524 pound

4)canadian dollar appreciated-true

Euro depreciated against dollar-false

Yen has appreciated. Thus false statement

True british pound appreciated

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