2.In doing the calculations, round to two decimal places.

Given the following currency exchange rates:

Time period 1: HK$6.50/C$

Time period 2: HK$5.50/C$

a.From time period 1 to time period 2, HK$ has depreciated or appreciated relative to C$.

A)depreciated B)appreciated

b.The % change of the value of HK$ from time period 1 to time period 2 is:

A) -15.38%

B) +15.38%

C) -20%

D) +20%

c.From time period 1 to time period 2, C$ has depreciated or appreciated relative to HK$.

A)depreciated B)appreciated

d.The % change of the value of C$ from time period 1 to time period 2 is:

A) -15.38%

B) +15.38%

e.In order to be successful in a foreign country, an international marketer must comply with all the countrys customs.

A)True B)False

2a.This year, a company has a sales revenue increase from last year, that means:

A)its profits have also increased.

B)its profits have decreased.

C)not enough information is given to know whether profits have increased or decreased.

2b.Relative to another currency, the value of US$:

A)can increase by more than 100% or decrease by more than 100%.

B)can increase by more than 100%, but cannot decrease by more than 100%.

C)can increase by not more than 100%, or decrease by more than 100%.

C) -20%

D) +20%