FIGURE 34-1 -Refer to Figure 34-1.A Fall in the Exchange Rate (Moving

question 87

Multiple Choice

FIGURE 34-1
-Refer to Figure 34-1.A fall in the exchange rate (moving down the vertical axis) indicates

• A)a depreciation of the Canadian dollar.
• B)that more dollars are needed to purchase one euro.
• C)that fewer dollars are needed to purchase one euro.
• D)that fewer euros are required to purchase one Canadian dollar.
• E)no effect on the value of the currency.

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