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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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