schweser practice book 1 exam 2 morning practice, canadian, exchange, morning, wrong

bluejazzy

i think there is some in que 14 in book 1 exam 2 morning….the exchange rate given are
CAD =1.48$ IN 2007
CAD =1.32$ IN 2008
according to this the $ is appreciating and canadian $ is dep…..but in the answer in q14 they have said that $ is dep…..plz help me out ..am i going wrong somewhere…

Kapie

oooo is see…generally d exhange rate given is cad :us and not cad/us….datz y i got confused…nywayz thanx a lot

Kingpin804

Jeez tons of errors in my previous post.
They switch currency around and messed me.
Ok 1.35 CAD for 1 Dollar in 2008. last Year 1.48CAD for 1 dollar. SO YES dollar depreciated.
Which is why Q14 is A and Q15 is B. When I was taking the mock I was reading it quickly, I fell for the trap where the Parent currency is not dollars and subsidiary IS dollars.
Schweser is correct dollar has depreciated both in 14 and 15.

Bluetick1010

Seems like Schweser is wrong. Can someone else confirm?
Its sales so we are to compare avg 2008 sales get 1.35CAD for 1 USD compared to last year getting 1.48CAD Clearly the CAD has appreciated and USD depreciated.
There is no ERATA. Maybe I am missing something too. Can someone else confirm that Schweser made a mistake here?
Q15 says that the dollar depreciated which further indicates Q14 is wrong and C is the answer.
Are we both missing something?