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10. In the exchange rate of Canadian / Japanese Yen (CADJPY), it is understood that written or spoken this way means: a. 1 Japanese Yen

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10. In the exchange rate of Canadian / Japanese Yen (CADJPY), it is understood that written or spoken this way means: a. 1 Japanese Yen is worth "x" amount of Canadian Dollars. b. 1 Canadian Dollar is worth "X" amount of Japanese Yen. c. Doesn't mean either of the above. a. 11. The foreign exchange rates will always seek equilibrium over the long run do to: Purchase Power of Parity. b. Central Bank intervention. Time Value of Money. d. Black-Scholes Model. c

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