37. If in 2012, the Canadian dollar's exchange rate with the Sudanese pound was .38433 dollars per pound and in 2015, the exchange rate was .20068 dollars per pound, it would indicate that in the period from 2012 to 2015, the dollar A. strengthened against the pound. B. weakened against the pound. C. was unrelated to the value of the pound. D. the answer cannot be determined without knowing the number of pounds needed to buy a dollar

38. Eurodollars are A. Canadian dollars deposited in foreign banks. B. foreign dollars deposited in Canadian banks. C. investments of common market countries. D. none of the other answers are correct

39. A portfolio of international stocks in comparison to purely Canadian stocks generally shows A. lower percentage risk for a given number of stocks. B. higher percentage risk for a given number of stocks. C. the same percentage risk for a given number of stocks. D. lower percentage return for a given number of stocks.

40. If prices double in Vancouver while the prices in San Paulo remain the same, the purchasing power of the dollar relative to the real A. should increase by 50%. B. should increase by 100%. C. should decrease by 50%. D. should decrease by 100%.

Chapter 3

41. In addition to comparison with industry ratios, it is also helpful to analyze ratios using A. trend analysis. B. historical comparisons. C. both of the above answers are correct. D. none of the above is correct; only industry ratios provide valid comparisons.

42. Investors and financial analysts wanting to evaluate the operating efficiency of a firm's managers would probably look primarily at the firm's A. debt utilization ratios. B. liquidity ratios. C. asset utilization ratios. D. profitability ratios.