There's Been a Real Depreciation of the Dollar Over the Past

question 58

Multiple Choice

There's been a real depreciation of the dollar over the past month.In the long run,you would expect the quantity of Canadian imports to ________ and the quantity of Canadian exports to ________.

• A)fall;fall
• B)rise;rise
• C)fall;rise
• D)rise;fall

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Definitions:

Countersignature

An additional signature required on a document or check to verify or approve its legitimacy, often used for security or authorization purposes.

Paper Currency

Legal tender issued by a government or central bank in the form of paper notes.

Negotiable Instrument

A signed document promising a sum of payment to a specified person or the assignee which is transferable by endorsement.

Sum Certain

A specific, agreed-upon amount of money owed under a contract that is not subject to change.