FIGURE 34-1 -Refer to Figure 34-1.A Rise in the Exchange Rate (Moving

Multiple Choice

FIGURE 34-1
-Refer to Figure 34-1.A rise in the exchange rate (moving up the vertical axis) indicates

A) that fewer dollars are needed to purchase one euro.
B) that more euros are required to purchase one Canadian dollar.
C) an appreciation of the Canadian dollar.
D) a depreciation of the Canadian dollar.
E) no effect on the value of the currency.