Suppose the Exchange Rate Changes from C$0

question 72

Multiple Choice

Suppose the exchange rate changes from C$0.20 per €1 to C$0.18 cents per €1.What has happened to the Canadian dollar?  

• A) It has appreciated, because its value has increased. 
• B) It has appreciated, because its value has declined. 
• C) It has depreciated, because its value has declined. 
• D) It has depreciated, because its value has increased.

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Definitions:

Remaining Partners

The partners who continue the business after one or more partners depart.

Dissolution

The process of formally ending or dissolving a business or partnership, often through legal means.

Liquidated

Process of converting assets into cash or to settle a debt.

Personal Liability

The responsibility of an individual to pay debts or damages from their own assets.