A Depreciation of the Canadian Dollar Implies

Multiple Choice

A depreciation of the Canadian dollar implies

A) a fall in the external value of the dollar,such that fewer dollars are required to purchase foreign currency.
B) a fall in the external value of the dollar,such that more dollars are required to buy foreign currency.
C) a rise in the external value of the dollar,such that fewer dollars are required to purchase foreign currency.
D) a rise in the external value of the dollar,such that more dollars are required to purchase foreign currency.
E) a rise in the official reserves of foreign currency held by the Bank of Canada.