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

question 102

Multiple Choice

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

• A)an appreciation of the Canadian dollar.
• B)a depreciation of the Canadian dollar.
• C)a decrease in the exchange rate.
• 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:

Contract

A legally enforceable agreement between two or more parties that creates mutual obligations.

Investor

An individual or entity that allocates capital with the expectation of achieving a financial return, often by purchasing securities, real property, or other investment vehicles.

Doctrine of Respondeat Superior

A legal principle that holds an employer or principal legally responsible for the actions of an employee or agent when acting within the scope of their employment or authority.

Torts

Civil wrongdoings recognized by law as grounds for a lawsuit, typically resulting in injury or harm that constitutes the basis for a claim by the injured party.