question archive Question 1 (1 point) Tim approaches Bank of Montreal to purchase US$ 1000
Question 1 (1 point) Tim approaches Bank of Montreal to purchase US$ 1000
Subject:BusinessPrice: Bought3
Question 1 (1 point)
Tim approaches Bank of Montreal to purchase US$ 1000. If C$1 = US$0.7495, and the bank charges a commission of 1.1%, how much in Canadian dollars would Tim have to pay for US $1000?
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a
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C$ 1334
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b
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C$ 1348.90
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c
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C$ 1335
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Question 2 (1 point)
Hendry bought a pair of Nike shoes from New York last summer for US $300. On returning back to Canada, he had to pay a custom duty on the shoes at the rate of 15%. And then 10% HST. Let the exchange rate be C$1 = US$0.7495. He bought a similar pair of shoes on sale in Canada during boxing day which costs him C$ 400 (all taxes inclusive) for his brother. For which pair of Nike shoes Hendry paid more?
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a
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Shoes bought from Canada
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b
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Shoes bought from New York
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Question 3 (1 point)
Max Touch produces vacuum cleaners. The retail price of one vacuum cleaners is $300. The company exports vacuum cleaners to Sweden and the price there has to be in euros (€). The current exchange rate is $ 1: €1.6. what price will the firm set for its vacuum cleaners in Brazil in Euros. (THE ANSWER HAS TO BE IN A NUMERICAL VALUE ONLY)
Blank 1: Question 4 (1 point)
Hendry bought a pair of Nike shoes from New York last summer for US $300. On returning back to Canada, he had to pay a custom duty on the shoes at the rate of 15%. And then 10% HST. How much did the jacket cost him? Let the exchange rate be C$1 = US$0.7495. (ANSWER SHOULD BE ONLY A NUMBER)
Blank 1: Question 5 (1 point)
If US$1 = C$1.3342 and £1 = C$1.6435, calculate the amount of US dollars you will receive with £400.
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a
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492.73 USD
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b
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533.68 USD
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c
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400 USD |
