When the Value of the Canadian Dollar Rises

question 110

Short Answer

When the value of the Canadian dollar rises
both our imports and our exports become more expensive.
there is no change in the price of our imports and our exports.
our imports become more expensive and our exports become cheaper.
our imports become cheaper and our exports become more expensive.
both our imports and our exports become cheaper.

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Definitions:

Short-Term Lease

A lease agreement with a duration, typically less than a year, used for temporary asset usage.

Fixed Asset

A long-term tangible piece of property that a firm owns and uses in its operations to generate income.

Rent Expense

The cost incurred for leasing premises or equipment for business operations, typically recognized as an expense.

Liability

A financial obligation or amount owed by a business to another entity, typically categorized as current or long-term.