A Fall in the Canadian-Dollar Price of Foreign Currency,other Things

question 103

Multiple Choice

A fall in the Canadian-dollar price of foreign currency,other things being equal,causes Canada's net export (NX) function to shift ________ and ________.

• A)upward; become flatter
• B)upward; become steeper
• C)downward; become flatter
• D)downward; keep the same slope
• E)downward; become steeper

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Definitions:

Perfection

In law, especially regarding secured transactions, refers to the act of making a security interest enforceable against third parties by fulfilling legal requirements.

Financing Statement

A document filed by a creditor to announce a security interest in a debtor's assets, used in securing loans.

Security Agreement

A legal contract that grants a lender a security interest in a specific asset or property pledged as collateral by the borrower.

UCC

Short for Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.