Multiple Choice
If the Canadian dollar depreciates nominally by 10% while Canada experiences 5% inflation and the US experiences 10% inflation,then in real terms,the Canadian dollar
A) appreciates about 10%
B) appreciates about 5%
C) depreciates about 5%
D) depreciates about 10%
E) depreciates about 15%
Correct Answer:
Verified
Correct Answer:
Verified
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