Which of the Following Factors Influence the Demand for Canadian

question 46

Multiple Choice

Which of the following factors influence the demand for Canadian dollars?

• A)The exchange rate and the world demand for Canadian exports.
• B)Interest rates in Canada and other countries, and the expected future exchange rate.
• C)The world demand for Canadian exports and Canadian demand for imports.
• D)Both A and B.
• E)Both B and C.

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Definitions:

Freight-In Account

An accounting term for the cost of transporting goods into a business, which is part of the cost of goods sold.

Income Summary

An account in the ledger that is used during the closing process to collect all the temporary account balances before transferring the net result to the capital account.

Purchases

The acquisition of goods or services by a company for use in its operations or for resale.

Income Summary Account

The income summary account is used during the closing process to compile all income and expense transactions, facilitating the determination of a business's net income.