If the number of US$ per C$1.00 declines from $0.9721 to $0.9685, what will be the change in the C$ price per ounce of gold which a Canadian gold mine sells at the international price of US$1392 per ounce? 

Parts of Table 3.2 are provided below for convenient reference.

Table 3.2

Transcribed Image Text:

Per C$ Per US$ Per € Per Y Per £ Canadian dollar (C$) 1.3083 1.4446 0.01084 2.0203 U.S. dollar (US$) 0.7644 1.1042 0.008286 1.5442 Euro (€) 0.6922 0.9056 0.007504 1.3985 186.3745 Japaense yen (¥) British pound (£) 92.2509 120.6919 133.2657 0.4950 0.6476 0.7150 0.005366