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    Principles of Macroeconomics Study Set 7
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    Exam 11: Exchange Rates and the Balance of Payments
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    If the Canadian Dollar Appreciates in Value Against the Mexican
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If the Canadian Dollar Appreciates in Value Against the Mexican

Question 56

Question 56

Multiple Choice

If the Canadian dollar appreciates in value against the Mexican peso,what happens to the value of the Mexican peso against the dollar?


A) It appreciates.
B) It depreciates.
C) It might appreciate or depreciate.
D) It remains unchanged.

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