Suppose Canada's Exchange Rate with the U

question 63

Multiple Choice

Suppose Canada's exchange rate with the U.S.dollar increases from 1.14 to 1.22.Which of the following is likely to happen?

• A)More Canadians will cross the border to shop in the U.S.
• B)It is less expensive for Canadians to shop online from U.S.retailers.
• C)Fewer Canadians will cross the border to shop in the U.S.
• D)The Canadian dollar value of Canada's imports from the U.S.will fall.
• E)The Canadian dollar value of Canada's exports to the U.S.will fall.

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