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Ray Of Light [21]
4 years ago
14

If the nominal exchange rate between the American dollar and the Canadian dollar is 0.89 Canadian dollars per American​ dollar,

how many American dollars are required to buy a product that costs 2.5 Canadian​ dollars? A. ​$2.75 B. ​$2.23 C. ​$1.32 D. ​$2.81
Business
1 answer:
Pie4 years ago
6 0

Answer:C

Explanation: Since you need 2.5 Canadian Dollars, .89 = to 1. Therefore 2.5 times the .89 equals to 2.225, or rounding up to 2.23

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malfutka [58]

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5 0
3 years ago
What is the var of a 10 million portfolio with normally distributed returns at the 5% VaR? Assume the expected return is 13% and
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Answer and Explanation:

The computation is shown below:

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= 13% - 1.645 × 20%

= -19.90%

Therefore the option a is the correct answer.

2) Now the correlation coefficient is

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8 0
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After Mario completes his monthly report, his boss reviews it to see if the standards were met. If there are errors, Mario is to
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5 0
3 years ago
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