Examlex
Which of the following statements best explains the effects of transfer payments and taxes on aggregate spending?
Canadian Dollar
The currency of Canada, symbolized by CAD, and often represented by the dollar sign $, or C$ to differentiate it from other dollar-dominated currencies.
U.S. Dollar
The official currency of the United States, widely used as a benchmark and reserve currency globally.
Spot Exchange Rate
The current exchange rate at which one currency can be exchanged for another.
Forward Exchange Rate
An agreed-upon exchange rate for currencies to be exchanged at a future date, used in hedging and trading strategies.
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