The Canadian Exchange Rate Is Defined to Be the

Multiple Choice

The Canadian exchange rate is defined to be the

A) number of Canadian dollars needed to buy one unit of foreign currency.
B) number of ounces of gold it takes to buy one hundred Canadian dollars.
C) system of quotas imposed on the international exchange of goods.
D) term for foreign currencies or claims on foreign currencies.
E) value of one Canadian dollar in terms of foreign currencies.