When the Exchange Rate Moves from $1 = CAD₁

question 68

Multiple Choice

When the exchange rate moves from $1 = CAD₁.5 to $1 = CAD₁.66, it implies:

• A) the U.S. dollar has depreciated in relation to the Canadian dollar.
• B) U.S. imports of Canadian goods will rise.
• C) the dollar price of the Canadian dollar has risen.
• D) the Canadian dollar has appreciated in relation to the U.S. dollar.
• E) Canadian imports of U.S. goods will rise.

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