Suppose Canada's Exchange Rate with the Euro Rises from 1

question 46

Multiple Choice

Suppose Canada's exchange rate with the euro rises from 1.2 to 1.4.This rise indicates a(n) ________ of the Canadian dollar,which means it takes ________ Canadian dollars to purchase one euro.

• A)appreciation; more
• B)appreciation; fewer
• C)depreciation; more
• D)depreciation; fewer

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