Question

value of us dollar vs. canadian dollar
in october 2012, one us dollar could buy about
canadian dollars.
the exchange rate remained unchanged from
the us dollar grew stronger against the canadia
0.88
0.98
1.08

Explanation:

Step1: Analyze the graph

The graph shows the value of US Dollar vs. Canadian Dollar over months (from 10/12 to 3/13). The y - axis is "Canadian Dollars per US Dollar" (wait, actually, looking at the label: "Canadian Dollars per US Dollar" or "US Dollars per Canadian Dollar"? Wait, the label is "Canadian Dollars per US Dollar"? Wait, no, the x - axis is "Canadian Dollars per US Dollar"? Wait, the x - axis label is "Canadian Dollars per US Dollar" with values from 0.96 to 1.04. Wait, the y - axis is the value, and the x - axis is the rate? Wait, no, the graph's x - axis is "Canadian Dollars per US Dollar" (the rate), and the y - axis is the month (from 10/12 to 3/13). Wait, in October 2012 (10/12), we need to find how many Canadian dollars one US dollar can buy. Looking at the graph, at 10/12, the value (the point on the graph) corresponds to a rate. Wait, the x - axis is "Canadian Dollars per US Dollar", so if we look at the 10/12 month, the rate (Canadian dollars per US dollar) is around 0.99? Wait, no, maybe I got the axes reversed. Wait, the title is "Value of US Dollar vs. Canadian Dollar", and the x - axis is "Canadian Dollars per US Dollar" (so how many Canadian dollars you get for 1 US dollar). The y - axis is the month (10/12, 11/12, 12/12, 1/13, 2/13, 3/13). So in October 2012 (10/12), the rate (Canadian dollars per US dollar) is around 0.99? Wait, but the options are 0.88, 0.98, 1.08? Wait, maybe the x - axis is "US Dollars per Canadian Dollar", no. Wait, let's re - examine. The problem says "In October 2012, one US dollar could buy about [ ] Canadian dollars". So we need to find the exchange rate: CAD per USD. Looking at the graph, at 10/12, the value (the point) is at a rate. Let's check the x - axis labels: 0.96, 0.97, 0.98, 0.99, 1.00, 1.01, 1.02, 1.03, 1.04. The graph line at 10/12 is around 0.99? Wait, no, the options are 0.88, 0.98, 1.08. Wait, maybe the graph's x - axis is "US Dollars per Canadian Dollar", but that would be the reverse. Wait, no, let's think again. If one US dollar buys C Canadian dollars, then the exchange rate is C CAD/USD. So if the rate is 0.98 CAD/USD, that means 1 USD = 0.98 CAD? No, that can't be, because usually CAD and USD are close, around 1:1. Wait, maybe the graph is showing USD per CAD, so 1 CAD = x USD, and we need to find 1 USD = 1/x CAD. Wait, this is confusing. Wait, the options are 0.88, 0.98, 1.08. Let's look at the graph again. At 10/12 (October 2012), the point on the graph is at a rate. Let's see the x - axis values: 0.96, 0.97, 0.98, 0.99, 1.00, 1.01, 1.02, 1.03, 1.04. The graph line at 10/12 is around 0.98? Wait, maybe the correct answer is 0.98. Wait, the options are 0.88, 0.98, 1.08. Let's check the trend. The graph shows that over time, the value (maybe the USD strength) changes. In October 2012, the rate (CAD per USD) is around 0.98. So one US dollar can buy about 0.98 Canadian dollars? Wait, no, that would mean USD is weaker than CAD, because 1 USD = 0.98 CAD, so 1 CAD = 1/0.98 ≈ 1.02 USD. But maybe that's correct. So the answer is 0.98.

Step2: Confirm the value

Looking at the graph, at the month 10/12 (October 2012), the exchange rate (Canadian dollars per US dollar) is approximately 0.98. So one US dollar can buy about 0.98 Canadian dollars.

Answer:

0.98