Which of the Following Statement Best Describes the Movement of the Canadian

question 71

Multiple Choice

Which of the following statement best describes the movement of the Canadian dollar against the US dollar in the period 2002-2008?

• A) The Canadian dollar appreciated because demand for natural resources such as oil increased.
• B) The Canadian dollar depreciated because demand for commodity decreased.
• C) The Canadian dollar appreciated because the US exports to Canada increased.
• D) The Canadian dollar depreciated because the interest rate in Canada was lower than US.

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Definitions:

Constructive Feedback

Feedback provided in a manner intended to help and encourage the recipient to improve or advance in certain areas.

Receiver

The individual or entity that receives a message or information, playing a critical role in the communication process.

Feedback

A process in which information about the past or the present influences the same phenomenon in the present or future.

React

To respond or act in response to a stimulus or situation.