A Rise in the Canadian-Dollar Price of Foreign Currency Is

question 92

Multiple Choice

A rise in the Canadian-dollar price of foreign currency is

• A)a decrease in the exchange rate.
• B)an appreciation of the Canadian dollar.
• C)a depreciation of the Canadian dollar.
• D)a gain in the relative value of the Canadian dollar.
• E)a rise in the external value of the Canadian dollar.

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Definitions:

Joint Return

A tax return filed collectively by married couples, combining their incomes, exemptions, and deductions.

Taxable Income

The portion of income that is subject to taxation according to the laws and regulations of the taxing authority.

Standard Deduction

A fixed dollar amount that reduces the income on which you are taxed, varying by filing status and adjusted each year for inflation.

Joint Return

A combined tax return filed by married partners or certain partners in a civil union, pooling their incomes and deductions.