What Does It Mean If the Canadian Dollar Depreciates

question 117

Multiple Choice

What does it mean if the Canadian dollar depreciates?  

• A) that the value of the Canadian dollar has increased 
• B) that the value of foreign exchange has decreased 
• C) that fewer Canadian dollars are required to purchase foreign exchange 
• D) that more Canadian dollars are required to purchase foreign exchange

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Definitions:

Control Process

The systematic effort by business management to compare performance to predetermined standards, plans, or objectives in order to determine whether performance is in line with these standards and presumably to take any corrective action required.

Measurement

The process of quantifying attributes or phenomena, typically using instruments or standardized tests, to obtain data.

Significant Differences

Implies statistically or practically meaningful discrepancies between data sets, groups, or results.

Quality of Production

The degree to which products or services meet or exceed customer expectations in terms of features, reliability, and performance.