Which of the Following Statements Is the Most Accurate

question 1

Multiple Choice

Which of the following statements is the most accurate?

• A) The U.S. and Canadian dollar have traded roughly at par since 1970.
• B) The exchange rate (U.S.$ per Canadian $) has always been less than one since 1970.
• C) The U.S. and Canadian dollar traded roughly at par in the early 1970s and as of 2006, is nearing par as the Canadian dollar rises.
• D) The U.S. and Canadian dollar traded roughly at par in the early 1970s and as of 2006, is nearing par as the Canadian dollar falls.
• E) None of the above.

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Definitions:

Freedom From Want

A concept popularized by President Franklin D. Roosevelt as one of the Four Freedoms, referring to the right to an adequate standard of living and economic security.

Consumerism

The theory or policy that promotes an increasing consumption of goods as an economic policy or social system.

Standard Of Living

Refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States, marked by high unemployment and poverty.