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-In the Figure Above, If the Exchange Rate Is Equal

question 23

Multiple Choice

  -In the figure above, if the exchange rate is equal to 1 Canadian dollar per U.S. dollar, there is a ________ of ________currency and the exchange rate will________. A)  shortage; domestic; rise B)  surplus; domestic; rise C)  shortage; foreign; rise D)  surplus; foreign; fall
-In the figure above, if the exchange rate is equal to 1 Canadian dollar per U.S. dollar, there is a ________ of ________currency and the exchange rate will________.


Definitions:

Smaller Number

In a comparison of two or more numbers, the one that is less in value.

Unit Price

The cost per single unit of measure, facilitating cost comparison among similar products.

Tissues Per Box

It indicates the number of individual tissue sheets contained within a single box.

Unit Price

The cost assigned to a single unit of a product or service.

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