Which of the Following Would a Depreciation of the Canadian

question 217

Multiple Choice

Which of the following would a depreciation of the Canadian real exchange rate induce Canadian consumers to buy?

• A)fewer domestic goods and foreign goods
• B)more domestic goods, but fewer foreign goods
• C)fewer domestic goods, but more foreign goods
• D)more domestic goods and foreign goods

---

Definitions:

Fictitious-Payee Rule

A legal principle that protects banks from liability when funds are withdrawn by a person not entitled to them, if the drawer's negligence contributed to the forgery.

Imposter Rule

A legal principle that addresses the liability for fraud when an impostor defrauds a third party.

Forged

Refers to the illegal modification or creation of a document, artwork, or object with the intent to deceive or defraud by passing it off as genuine.

Liability

The state of being legally responsible for something, especially in terms of debts or damages.