Multiple Choice
What is the result of the exchange rate changing so that fewer French francs are needed to buy a Canadian dollar?
A) Canadians will buy more French goods and services.
B) French will buy fewer Canadian goods and services.
C) Canadians will buy fewer French goods and services.
D) The Canadian dollar has appreciated in value.
E) The French franc has depreciated in value.
Correct Answer:
Verified
Correct Answer:
Verified
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