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CFA Candidates
Q6. Suppose that the quote for the CAD in New York is 0.6666 USD/CAD. What is the quote for USD in Toronto (CAD/USD)?
A) 1.5001.
B) 0.3333.
C) 1.0000.
. Reading 32: Understanding the Income Statement - LOS i ~ Q
. Reading 17: The Exchange Rate and Balance of Payments - LO
. Reading 52: Organization and Functioning of Securities Ma
. Reading 45: Cost of Capital - LOS d ~Q1-2
答案和详解如下:
Correct answer is A)
Take the reciprocal of 0.6666 = 1 / 0.6666 = 1.5001
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