If the Canadian Dollar Price of United States Dollars Increases

question 66

Multiple Choice

If the Canadian dollar price of United States dollars increases from $.80 to $1.00, it can be concluded that:

• A)the Canadian dollar has appreciated in value to the United States dollar.
• B)both countries are on the international gold standard.
• C)the American dollar has depreciated in value relative to the Canadian dollar.
• D)the Canadian dollar has depreciated in value relative to the United States dollar.

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