An article on the website of the Financial Post, which is published in Canada, discussed the...

 

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An article on the website of the Financial Post, which is published in Canada, discussed the situation of Canadian teams that play in the National Hockey League (NHL). The majority of NHL teams are based in the United States. The article referred to "the adversity of a 75 or 80 cent Canadian dollar in a league where all players are paid in U.S. dollars [which]...looks like a recipe for financial trouble." Source: Jeff Buckstein, "The Big Score: How Canadian NHL Teams Beat Their American Counterparts Off the Ice," business.financialpost.com, May 7, 2018. a. What does the article mean by a "75 or 80 cent Canadian dollar"? It is referring to O A. the exchange rate between the Canadian dollar and the U.S. dollar: 1 U.S. dollar exchanges for $0.75 to $0.80 in Canadian dollars. OB. the fact that most items in Canada cost 75-80% more than the same items in the U.S. OC. the fact that most items in Canada cost 20-25% less than the same items in the U.S. OD. the exchange rate between the U.S. dollar and the Canadian dollar: 1 Canadian dollar exchanges for $0.75 to $0.80 in U.S. dollars. b. In what currency would an NHL team based in Canada receive most of its revenue? An NHL team that is based in Canada receives most of its revenue in dollars. An article on the website of the Financial Post, which is published in Canada, discussed the situation of Canadian teams that play in the National Hockey League (NHL). The majority of NHL teams are based in the United States. The article referred to "the adversity of a 75 or 80 cent Canadian dollar in a league where all players are paid in U.S. dollars [which]...looks like a recipe for financial trouble." Source: Jeff Buckstein, "The Big Score: How Canadian NHL Teams Beat Their American Counterparts Off the Ice," business.financialpost.com, May 7, 2018. a. What does the article mean by a "75 or 80 cent Canadian dollar"? It is referring to O A. the exchange rate between the Canadian dollar and the U.S. dollar: 1 U.S. dollar exchanges for $0.75 to $0.80 in Canadian dollars. OB. the fact that most items in Canada cost 75-80% more than the same items in the U.S. OC. the fact that most items in Canada cost 20-25% less than the same items in the U.S. OD. the exchange rate between the U.S. dollar and the Canadian dollar: 1 Canadian dollar exchanges for $0.75 to $0.80 in U.S. dollars. b. In what currency would an NHL team based in Canada receive most of its revenue? An NHL team that is based in Canada receives most of its revenue in dollars.

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