If Canada Purchases Oil from Kuwait,what Is the Effect in the Exchange

question 35

Multiple Choice

If Canada purchases oil from Kuwait,what is the effect in the exchange market?

• A)It will increase the supply of Canadian dollars.
• B)It will decrease the demand for Canadian dollars.
• C)It will decrease the supply of Canadian dollars.
• D)It will increase the demand for Canadian dollars.

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Definitions:

Bank Service Charge

Fees charged by a bank to a customer for account maintenance and other banking services.

Credit Memorandum

A document issued by a seller to a buyer, reducing the amount the buyer owes, often due to a return or refund.

Note Receivable

A promissory note indicating that an entity is owed money by another and the terms under which repayment must occur.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn on, also known as a "bounced" check.