A Canadian Company Does Some Business in the U

Multiple Choice

A Canadian company does some business in the U.S.and as a part of these activities they keep US$50,000 on deposit in a U.S.Bank account.The bookkeeper noticed that this year when the account was placed on the balance sheet it was less than last the year's comparative number, even though the amount in the account hadn't changed.What would explain this apparent change?

A) Poor internal controls
B) Changes in purchasing power
C) Exchange rate differences
D) Time value of money