› CFA › CFA Level 1 › Question of the Week: Level 1 – Macroeconomics

Question of the Week: Level 1 – Macroeconomics

Add A Reply
Login
  • Author
    Posts
    • Avatar of MarkMeldrumMarkMeldrum
      Participant
        • Undecided
        06 Apr 2020 at 6:56 pm
        Up
        4
        ::

        The correct answer is Option B.

        All currency quotes are given as price/base.  At the beginning of the month, one USD bought 1.2563 CAD.  At the end of the month, 1 USD bought 1.2493 CAD.  Over the month 1 USD bought fewer CAD indicating that the USD weakened against the CAD.

      • Avatar of barbtoksvbarbtoksv
        Participant
          • CFA Level 1
          06 Apr 2020 at 6:14 pm
          Up
          3
          ::

          All FX questions have a 50/50 chance of messing me up…

        • Avatar of yash0303yash0303
          Participant
            • Undecided
            05 Apr 2020 at 5:49 pm
            Up
            1
            ::

            Good Question.

        • Author
          Posts
        Viewing 2 reply threads
        • You must be logged in to reply to this topic.