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; fewer
B) depreciation; more
C) depreciation; fewer
D) appreciation; more
Correct Answer:
Verified
Correct Answer:
Verified
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