Asked by Alondra Bello on May 17, 2024

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If the C$ per US$ exchange rate decreases by C$0.005 from its value C$1.0339 = US$1.00), what will be the change in the US$ per C$ exchange rate?

C$ Per US$

The exchange rate determining how much Canadian dollars (C$) you can exchange for one US dollar (US$).

Exchange Rate

The financial value of one currency in the context of another for the purpose of exchange.

C$0.005

Represents a monetary value of five one-thousandths of a Canadian dollar.

  • Evaluate how variations in exchange rates influence currencies' worth.
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DSS
Daryl ßoodhooMay 18, 2024
Final Answer :
Increase of US$0.0047 per C$1.00