schweser practice book 1 exam 2 morning morning

bigredhockey55

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...

busterbluth

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?

Newhuman

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.



Edited 2 time(s). Last edit at Saturday, May 7, 2011 at 05:11PM by stingreye.

yalo

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