In Determining the Exchange Rate Between the Canadian Dollar and the British

question 75

Multiple Choice

In determining the exchange rate between the Canadian dollar and the British pound, suppose Canadian income increases.All things equal, what would happen to the Canadian demand for the British pound?  

• A) The Canadian demand for the British pound would increase. 
• B) The Canadian demand for the British pound would decrease. 
• C) The Canadian demand for the British pound would remain the same. 
• D) The Canadian demand for the British pound would become negative.

---

Definitions:

Sugar

A sweet substance primarily obtained from sugarcane and sugar beets, used as a sweetener in food and drinks.

Opportunity Cost

The charge of bypassing the following best possibility when making a selection.

Strawberries

Sweet, red, heart-shaped fruits known for their delightful flavor and nutritional benefits.

Moving Points

A term that could refer to changing positions or values in a data set, market analysis, or physical locations on a map, but generally not a standard key term.