Question 1 (1 point)

Tim approaches Bank of Montreal to purchase US$ 1000. If C$1 = US$0.7495, and the bank charges a commission of 1.1%, how much in Canadian dollars would Tim have to pay for US $1000?

a	C$ 1334
b	C$ 1348.90
c	C$ 1335

Question 2 (1 point)

Hendry bought a pair of Nike shoes from New York last summer for US $300. On returning back to Canada, he had to pay a custom duty on the shoes at the rate of 15%. And then 10% HST. Let the exchange rate be C$1 = US$0.7495. He bought a similar pair of shoes on sale in Canada during boxing day which costs him C$ 400 (all taxes inclusive) for his brother. For which pair of Nike shoes Hendry paid more?

a	Shoes bought from Canada
b	Shoes bought from New York

Question 3 (1 point)

Max Touch produces vacuum cleaners. The retail price of one vacuum cleaners is $300. The company exports vacuum cleaners to Sweden and the price there has to be in euros (). The current exchange rate is $ 1: 1.6. what price will the firm set for its vacuum cleaners in Brazil in Euros. (THE ANSWER HAS TO BE IN A NUMERICAL VALUE ONLY)

Blank 1: Question 4 (1 point)

Hendry bought a pair of Nike shoes from New York last summer for US $300. On returning back to Canada, he had to pay a custom duty on the shoes at the rate of 15%. And then 10% HST. How much did the jacket cost him? Let the exchange rate be C$1 = US$0.7495. (ANSWER SHOULD BE ONLY A NUMBER)

Blank 1: Question 5 (1 point)

If US$1 = C$1.3342 and 1 = C$1.6435, calculate the amount of US dollars you will receive with 400.

a	492.73 USD
b	533.68 USD
c	400 USD