If the Canadian Dollar Depreciates Against the Indian Rupee

question 135

Multiple Choice

If the Canadian dollar depreciates against the Indian rupee,

• A)Indian imports to Canada become less expensive.
• B)Canadian exports to India become less expensive.
• C)Canadian exports to India become more expensive.
• D)the value of Indian imports to Canada does not change.
• E)Canadian firms profits made in India fall in value.

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Definitions:

Savings Rate

The percentage of money that individuals or households save from their disposable income.

Industrially Advanced Nations

Countries that have highly developed industries, technological infrastructure, and a high standard of living.

LDCs

Less Developed Countries; nations with low levels of economic development, often measured by gross domestic product (GDP) per capita, industrialization, and living standards.

Economic Development

The process of improving economic well-being and quality of life through growth and restructuring of an economy's sectors.