Question

According to the table, a U.S. traveler returning to the United States from Canada should expect what buy rate exchange value?

A) The returning traveler should expect to get an absolute equal value at the buy rate.
B) The returning traveler should expect to get slightly more U.S. dollars relative to Canadian dollars at the buy rate.
The returning traveler should expect to get slightly less US dollars relative to Canadian dollars at the buy rate.
D) The returning traveler should expect to get less than half the value of the US dollars exchanged relative to Canadian dollars at the buy rate.

Answer 1

Answer: B

Explanation: According to the table, a traveler returning to the United States from Canada should expect to receive 1.0645 U.S. dollars for every Canadian dollar exchanged. This reflects the value of the U.S. dollar being slightly higher on the global exchange market.