If the Canadian Dollar Becomes Stronger in Relation to the Japanese

question 220

Short Answer

If the Canadian dollar becomes stronger in relation to the Japanese yen,
the prices of all Canadian-made products would rise in Japan and the prices of all Japanese-made products would fall in Canada.
there would be no effect on the prices of Canadian-made products sold in Japan.
the prices of all Canadian-made products would fall in Japan and the prices of all Japanese-made products would rise in Canada.
the prices of all Canadian-made products would fall in Japan and the prices of all Japanese-made products would fall in Canada.
the prices of all Canadian-made products would rise in Japan and the prices of all Japanese-made products would rise in Canada.

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Definitions:

Debits

Accounting entries that increase assets or expenses or decrease liabilities, equity, and revenue.

Double-entry Accounting System

An accounting technique which records each transaction as both a credit and a debit in different accounts, ensuring the accounting equation remains balanced.

Journal

A record where all financial transactions are initially documented in chronological order.

Record

The act of documenting business transactions in the financial books of a company.