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:

Board Of Directors

A group of individuals elected to represent shareholders and make decisions on major company issues.

Merger

In corporation law, traditionally, a transaction by which one corporation acquires another corporation, with the acquiring corporation being owned by the shareholders of both corporations and the acquired corporation going out of existence. Today, loosely applied to any negotiated acquisition of one corporation by another.

Remains Liable

Continues to be legally responsible or obligated.

Debt

An amount of money that is owed or due to be paid, typically as a result of borrowing or a financial agreement.