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…

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?

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.

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