In Some Recent Years in Canada,exports and Imports Have Each

question 140

Multiple Choice

In some recent years in Canada,exports and imports have each amounted to ________ of Canadian GDP.

• A) over 100%
• B) over 80%,but less than 100%
• C) over 60%,but less than 80%
• D) over 50%,but less than 60%
• E) over 40%,but less than 50%

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Definitions:

Spot Rate

The price at which a financial instrument or commodity can be bought or sold for immediate delivery, emphasizing current market value.

Fair Value Hedge

A hedge that protects against changes in the fair value of assets, liabilities, or unrecognized firm commitments.

Fair Value Hedge

A hedge that is used to mitigate the risk of changes in the fair value of an asset or liability or an unrecognized firm commitment.

Cash Flow Hedge

A financial strategy used to manage the risk of fluctuations in cash flow due to changes in exchange rates, interest rates, or commodity prices.