If the Exchange Rate Between the Canadian Dollar (C$)and the U.S.dollar

question 2

Multiple Choice

If the exchange rate between the Canadian dollar (C$) and the U.S.dollar ($) changes from 1C$ = $1.30 to 1C$ = $1.05 we can say that:

• A)the U.S.dollar has depreciated with respect to all the currencies across the world.
• B)the Canadian dollar has appreciated with respect to the U.S.dollar.
• C)the U.S.dollar has appreciated with respect to the Canadian dollar.
• D)the Canadian dollar has depreciated with respect to all the currencies across the world.
• E)the Canadian dollar has appreciated with respect to all the currencies across the world.

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