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Assume the exchange rates for the Canadian dollar versus the U.S. dollar are USD equiv Curency per USD last week 0.8759 1.1417 this week 0.8761
Assume the exchange rates for the Canadian dollar versus the U.S. dollar are
USD equiv | Curency per USD | |
last week | 0.8759 | 1.1417 |
this week | 0.8761 | 1.1414 |
Which statement is correct given this information?
Group of answer choices
This week you can exchange C$1 for $1.1414
It is cheaper for an American to travel in Canada this week than it was last week
It is more expensive for an American to travel in Canada this week than it was last week
The Canadian dollar depreciated from last week to this week
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