XYZ Corp. has a calendar year end. On January 1, 2019, the company borrowed $5,000,000 U.S. dollars from an American Bank. The loan is to be repaid on December 31, 2022 and requires interest at 5% to be paid every December 31. The loan and applicable interest are both to be repaid in U.S. dollars. XYZ does not hedge to minimize its foreign exchange risk. The following exchange rates were in effect throughout the term of the loan:
$$\begin{array}{lc}\text{ Jaruary }1,2019& \text{ US }\$1=\text{ CDN }\$1.1500\\ \text{ December }31,2019& \text{ US }\$1=\text{ CDN }\$1.1490\\ \text{ Decernber }31,2020& \text{ US }\$1=\text{ CDN }\$1.1485\\ \text{ Decerrber }31,2021& \text{ US }\$1=\text{ CDN }\$1.1483\\ \text{ Decermber }31,2022& \text{ US }\$1=\text{ CDN }\$1.1487\end{array}$$ The average rates in effect for 2019 and 2020 were as follows:
$$\begin{array}{lc}2019:& \text{ US }\$1=\text{ CDN }\$1.1493\\ 2020:& \text{ US }\$1=\text{ CDN }\$1.1487\end{array}$$ What is the amount of interest expense (in Canadian Dollars) recorded for 2020?

A) $249,920
B) $250,080
C) $287,175
D) $287,250

How are economists not like mathematicians, physicists, and biologists?

A) Economists do not use models to represent the real world.
B) Economists do not try to address their subject with a scientist's objectivity.
C) Economists do not devise theories and collect and analyze data in an attempt to verify or refute their theories.
D) Economists cannot run lab experiments in the same way that other scientists can.

A contract must be between parties who have ________ to contract.

A) knowledge
B) capacity
C) resources
D) intention