If the Exchange Rate Changes from C$1

Multiple Choice

If the exchange rate changes from C$1.50 per U.S. dollar to C$1.67 per U.S. dollar

A) the U.S. dollar has appreciated.
B) the U.S. dollar has depreciated.
C) Canadian tourists planning a trip to the United States will be pleased.
D) U.S. tourists planning a trip to Canada will be displeased.