Question
Assume today you can exchange $100 for either Can$128 or Ps1,892. Also assume that last year, $100 was worth Can$126 or Ps1,847. Which one of
Assume today you can exchange $100 for either Can$128 or Ps1,892. Also assume that last year, $100 was worth Can$126 or Ps1,847. Which one of the following statements is correct given this information?
$100 invested in Canadian dollars last year would now be worth Ps1,862.44.
$100 invested in Mexican pesos last year would now be worth $101.63.
$100 invested in Canadian dollars last year would now be worth Ps1,824.09.
$100 invested in Mexican pesos last year would now be worth $98.47.
$100 invested in Canadian dollars last year would now be worth $99.52.
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