The Canadian Exchange Rate Is Defined to Be the

question 27

Multiple Choice

The Canadian exchange rate is defined to be the

• A)number of ounces of gold it takes to buy one hundred Canadian dollars.
• B)value of one Canadian dollar in terms of foreign currencies.
• C)term for foreign currencies or claims on foreign currencies.
• D)number of Canadian dollars needed to buy one unit of foreign currency.
• E)system of quotas imposed on the international exchange of goods.

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