Multiple Choice
Suppose Canada's exchange rate with the U.S.dollar falls from 1.21 to 1.13.This fall indicates a(n) ________ of the Canadian dollar,which means it takes ________ Canadian dollars to purchase one U.S.dollar.
A) appreciation; more
B) appreciation; fewer
C) depreciation; more
D) depreciation; fewer
Correct Answer:
Verified
Correct Answer:
Verified
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