Multiple Choice
The Canadian dollar exchange rate (units of foreign currency per Canadian dollar) for currencies of countries with high inflation rates relative to Canada has tended to _____, and the Canadian dollar exchange rate (units of foreign currency per Canadian dollar) for currencies of countries with low inflation rates relative to Canada has tended to _____.
A) appreciate; appreciate
B) appreciate; depreciate
C) depreciate; depreciate
D) depreciate; appreciate
Correct Answer:
Verified
Correct Answer:
Verified
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